Jensen Huang, CEO of NVIDIA, arrives at a Korean barbecue restaurant for a dinner assembly with SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo, and Naver Chairman Lee Hae-jin in Seoul, South Korea, on June 5, 2026.
Chris Jung | Nurphoto | Getty Photos
Nvidia CEO Jensen Huang advised shareholders on Wednesday that if a business alternative conflicts with U.S. nationwide safety, the corporate would prioritize American pursuits.
“Nationwide safety comes first,” Huang mentioned in a session shortly after the corporate’s annual stockholder assembly concluded.
He added that if an organization wished to smuggle Nvidia’s chips or methods into international locations with export restrictions — akin to China — they’d have challenges getting it working as a result of Nvidia would not present assist or repairs.
“Superior AI knowledge facilities are large built-in methods that require trusted {hardware}, software program, networking, and persevering with assist,” Huang mentioned. “Attempting to cobble collectively knowledge facilities with some smuggled merchandise is a lifeless finish.”
Huang’s remarks come as Washington regulators and the Trump administration are more and more cautious that exporting AI software program and {hardware} to China and different nations is a menace to nationwide safety.
Earlier this month, Anthropic, which makes use of Nvidia chips, shut down Fable 5 and Mythos 5 after the U.S. authorities ordered it to disable entry to its most superior fashions.
Nvidia’s chips have had export controls positioned on them since 2022, which pressured the corporate to provide China-specific chips for the area that complied with U.S. authorities benchmarks. However final 12 months, the U.S. cleared the corporate’s H200 chip — the identical mannequin utilized by U.S. firms — for export to the area.
Huang mentioned that the U.S. authorities authorized these licenses, however Nvidia has but to generate any income from the chips and that Nvidia would not know whether or not China will permit imports of its merchandise. About 9% of Nvidia’s fiscal 2026 income got here from China, together with Hong Kong, a smaller proportion than in 2025 and 2024.
Huang advised stockholders in the course of the assembly that the query of AI return-on-investment “has been answered.”
He mentioned that when AI output is beneficial, akin to producing code, then working an Nvidia system to generate tokens, or bits of AI output, turns into worthwhile and means firms want extra computing energy. He famous that GitHub noticed pull requests practically triple this 12 months due to AI.
“Nvidia methods might not be the most cost effective to buy, however Nvidia generates the bottom value tokens, the very best token throughput, and essentially the most revenues,” Huang mentioned.
He reiterated that Nvidia plans to return 50% of the corporate’s free money circulation to buyers by share repurchases and dividends over the subsequent few years.
Nvidia generated over $96 billion in free money circulation in its fiscal 2026.
“Nvidia gives buyers a singular mixture of outstanding development, sturdy margin, and free money circulation execution, and rising capital returns,” Huang mentioned.
On the annual assembly, shareholders authorized the corporate’s govt compensation plan in an advisory capability and re-elected all 10 board members. One outdoors shareholder proposal to vary firm bylaws so that each one shareholder votes would win with a easy majority handed.
