By Chris Neiger
Publication Date: 2025-12-18 17:40:00
The majority of Nvidia’s sales go to U.S.-based companies, but it may now have an opportunity to expand its sales to China, too.
Nvidia (NVDA +2.46%) is one of the undisputed leaders in artificial intelligence hardware. Its parallel processors occupy a central role in data centers worldwide, as it holds an estimated 90% share of the market for AI accelerator chips.
Technology companies in the U.S. are snatching up Nvidia’s processors at the fastest rate — 69% of the company’s revenue comes from domestic sources right now, according to research from The Motley Fool. However, ever since President Donald Trump announced earlier this year that he was imposing steep new tariffs on nearly every other country, Nvidia has been forced to navigate a shifting set of U.S. trade policies.
How might those tariffs and Trump’s various trade conflicts impact Nvidia’s U.S. revenue in 2026? Here are a few points to consider.
Image source: Getty Images.
Nvidia’s U.S. chip demand should remain robust in 2026
Nvidia is a chip designer, not a chip manufacturer — like other “fabless” operations, it hires other companies to actually produce its processors. Most of Nvidia’s chips are made by the world’s leading third-party chip foundry, Taiwan Semiconductor, also known as TSMC.
TSMC manufactures many of Nvidia’s processors in Taiwan, which are then imported into the U.S. and sold to tech companies. Some semiconductor tariffs have already impacted Nvidia’s bottom line, but the bulk of the…
