NVIDIA reports Q1 earnings this week
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Nvidia's results were much better than they might seem at first glance. Both the top and bottom lines were hurt by new U.S. government export controls on the company's H20 chip, which it had specifically designed for the Chinese market to comply with the government's second round of advanced AI chip export controls.
Nvidia shares jumped in extended trading on Wednesday after the chip giant surpassed Wall Street’s quarterly revenue expectations amid booming AI demand. Monitor these major chart levels.
Nvidia reported solid fiscal first-quarter earnings late Wednesday but provided a revenue forecast for the July quarter that was below expectations. Here's what we learned from the highly-anticipated report: Solid earnings.
Nvidia's earnings beat sent the stock up nearly 5% after-hours, and news that a US court has moved to block reciprocal tariffs has lifted stocks still further
Investors are weighing a court decision that blocked some Trump tariffs, Nvidia's earnings report, and Musk's renewed focus on Tesla.
Nvidia reported strong results despite a multibillion-dollar hit tied to U.S. regulations on sales of its AI chip to China.
Nvidia topped quarterly earnings expectations despite concerns about mounting U.S.-to-China export restrictions.
Nvidia’s first-quarter earnings top Wall Street estimates as data-center revenue surges 73%, and Tesla rises as CEO Elon Musk ends his work for the Trump administration.