Nvidia’s China sales currently accounts for around 15 percent of its total revenue—a drop from 26 percent two years ago.

Nvidia CEO Jensen Huang said on Saturday that global cooperation in technology will continue even if the incoming U.S. administration imposes stricter export controls on advanced computing products.

Despite Trump's tough-on-China stance, previous comments casting doubt on America’s commitment to help Taiwan defend itself against a potential Chinese invasion have weighed on chip stocks.

Beijing's top trade negotiator met the head of Nvidia's global business operations on Monday, ahead of an expected escalation of US restrictions on China's semiconductor industry, which reportedly could come as soon as this week.