Company CEO Jensen Huang has often downplayed the black market demand for Nvidia's most powerful AI chips, even saying, "There's no evidence of any AI chip diversion" when he was asked about it at Computex 2025. More than that, Huang says that export controls are a failure, with these bans and sanctions encouraging China to build its own hardware infrastructure that might eventually challenge American dominance. Even former U.S. Commerce Secretary Gina Raimondo called moves like this a fool's errand. After all, the massive demand and prices involved make smuggling Nvidia chips an extremely profitable operation.