NVIDIA discloses more China risks
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Nvidia and AMD will soon begin selling new GPUs made for AI workloads in China to comply with US chip export restrictions.
Nvidia faces slowing growth, China export bans, and valuation concerns despite strong AI demand. Read an analysis of NVDA stock here.
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.
Though he 'trusts' President Trump, Nvidia CEO Jensen Huang says banning sales of its H20 GPUs to China means that $50 billion market 'is effectively closed to US industry.'
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.
Sen. Jim Banks and Sen. Elizabeth Warren are accusing the chip maker of undercutting national security.
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,
Nvidia stock ended Friday's session down 2.9%, which is about in line with where it closed prior to the earnings pop yesterday. There were good reasons for both days' moves.