While Nvidia could get shut out of China, it has a big opportunity to grow in other international markets over time.

China is a very large market. It’s probably going to be a $50 billion market in the next couple or three years," Huang predicted in a TV interview.

President Trump's plan to repeal Biden-era chip-export curbs could come as a relief for Nvidia and other chipmakers—but that could prove temporary, analysts warned.

Shares of Nvidia Corp. climbed toward the end of trading Wednesday after a report that the Trump administration is not planning to implement artificial-intelligence rules controlling chips shipments that was introduced by the Biden administration.

Nvidia shares rose on a report that the Trump administration plans to revise a set of chip trade restrictions called the "AI diffusion" rule. The chip restrictions were scheduled to take effect on May 15.