China Chips Still Behind US, NVIDIA in Performance
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NVIDIA reports huge Q1 earnings due to AI boom
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I remain bullish on Nvidia because every peak-earnings call from the bears keeps meeting another beat and raise.
In a call with analysts Wednesday, CFO Colette Kress confirmed that the company generated zero revenue from H200 sales to China.
Nvidia Corp‘s NVDA latest quarterly filing contains a surprising twist beneath the headline-grabbing AI boom: the company lost more than half of its China business over the past year—and still managed to nearly double revenue.
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Nvidia stock hit record highs on Huang’s China visit. Q1 earnings could take NVDA even higher
Nvidia (NVDA) stock hit a record high on May 14 amid reports that the company has received approval to sell its H200 chips to 10 Chinese firms, including Alibaba (BABA), which has developed its own artificial intelligence (AI) chips.
President Donald Trump said on Friday that Beijing is refusing to let Chinese companies buy Nvidia's H200 AI chips.
Wall Street’s major market averages closed higher on Wednesday as optimism surrounding a potential U.S.-Iran negotiation has been floated all while traders await Nvidia (NVDA) earnings.