Reported 3 months ago
Nvidia's first quarter earnings report revealed a surprising profit miss, but Wall Street remains optimistic, with shares rising 5% following the announcement. This mixed response is attributed to Nvidia's projected continued growth and strong demand for its AI products, despite the anticipated $8 billion loss in sales due to US shipping bans on its H20 chips to China. Analysts express confidence in Nvidia's Blackwell chip launch and its position in the AI infrastructure market.
Source: YAHOO