Reported 2 days ago
Nvidia exceeded expectations with its Q1 revenue, reporting $44.1 billion but falling short on adjusted earnings per share due to the H20 chip export ban to China, resulting in expected $8 billion losses in Q2. Despite the setback, the company’s stock rose by 5% following the announcement. CEO Jensen Huang highlighted the strong global demand for AI infrastructure, while the company navigates through challenges related to export restrictions and competition.
Source: YAHOO