NVIDIA discloses more China risks
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Nvidia CEO Jensen Huang had a lot to say about the China restrictions and praised President Donald Trump during the company's Q1 earnings call.
Nvidia and AMD will soon begin selling new GPUs made for AI workloads in China to comply with US chip export restrictions.
Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.
2don MSN
Artificial intelligence titan Nvidia will take center stage Wednesday afternoon when the company shares financial results from its quarter ending last month, and though analysts expect record-setting sales amid the AI boom,
The AI chip maker’s shares rose more than 5% after hours as quarterly revenue surged to a record $44 billion.
As Beijing and Washington talk their way through the next phase of their tariff truce, Nvidia's disadvantage in China could swiftly turn into an edge.
While many analysts still count Nvidia as a top tech pick, they're also cautious on overhangs related to China restrictions and tariffs.
Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh U.S. curbs on China exports took effect, but the same restrictions will slice off $8 billion in sales from the company's current quarter,
Republican Senator Jim Banks and Democrat Elizabeth Warren are demanding answers from Nvidia Corp. CEO Jensen Huang on his firm’s reported plans to open a research facility in Shanghai.