Reported about 6 hours ago
Nvidia reported a revenue of $46.7 billion for the July quarter, aligning with expectations but indicating a slowdown from previous growth rates due to US-China trade tensions. The company struggles to resume sales of its H20 AI chips to China, which previously accounted for a significant portion of its revenue, as it awaits regulatory guidelines related to a new 15% export fee scheme imposed by the US government. Despite these hurdles, Nvidia remains optimistic about future opportunities in the AI market.
Source: YAHOO