Reported 2 days ago
Nvidia's shares increased by 5% after the company exceeded quarterly sales expectations, despite facing a potential $8 billion revenue hit from new U.S. export curbs to China. Investors reacted positively as the anticipated sales drop was less severe than feared, and the company reported strong demand for its newer AI chips. CEO Jensen Huang voiced concerns about U.S.-China trade policies impacting Nvidia's access to the Chinese market, while recent deals in the Middle East offered hope for future growth amid these challenges.
Source: YAHOO