Nvidia (NVDA) says it's shut out of China. More than $3 billion in Chinese AI projects call for its chips.

Key points Reuters tallies Chinese AI projects calling for Nvidia chips Nvidia's filings say it's shut out of China's data centers What Nvidia's forecast assumes before its Nov. 17 results Chinese buyers are still planning and building AI projects around restricted Nvidia chips, even though the company says US export controls have effectively shut it out of China's data center market. A Reuters review found Chinese AI projects and equipment agreements worth more than 23 billion yuan ($3.2 billion) that call for or use Nvidia (NVDA) processors subject to US restrictions. Reuters examined more than 150 procurement notices, investment plans, construction contracts, and corporate disclosures. The total includes planned investments, signed contracts, and completed installations, as well as spending on buildings, power systems, and other infrastructure. It doesn't measure spending on Nvidia chips alone.

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