NVIDIA discloses more China risks
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Nvidia CEO Jensen Huang expresses concerns about the emergence of Chinese chipmakers like Lisuan Technology and Huawei, who are rapidly developing competitive GPUs, potentially threatening Nvidia's market position.
Nvidia and AMD will soon begin selling new GPUs made for AI workloads in China to comply with US chip export restrictions.
Nvidia CEO Jensen Huang had a lot to say about the China restrictions and praised President Donald Trump during the company's Q1 earnings call.
Nvidia’s business is still booming—even with the company effectively shut out of one of the world’s largest markets for advanced artificial-intelligence chips. The chip titan has been on a roller-coaster over the past few months after the Trump administration moved to limit sales of chips to the Chinese market and then cleared the way for multibillion-dollar deals for processors in the Middle East.
2don MSN
Artificial intelligence titan Nvidia will take center stage Wednesday afternoon when the company shares financial results from its quarter ending last month, and though analysts expect record-setting sales amid the AI boom,
Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.
Though he 'trusts' President Trump, Nvidia CEO Jensen Huang says banning sales of its H20 GPUs to China means that $50 billion market 'is effectively closed to US industry.'
Sen. Jim Banks and Sen. Elizabeth Warren are accusing the chip maker of undercutting national security.
While many analysts still count Nvidia as a top tech pick, they're also cautious on overhangs related to China restrictions and tariffs.
As Beijing and Washington talk their way through the next phase of their tariff truce, Nvidia's disadvantage in China could swiftly turn into an edge.
Nvidia Corp., el fabricante de chips más valioso del mundo, ofreció sólidas previsiones de ingresos para el periodo actual, a pesar de que la desaceleración en China afectó sus resultados.
Nvidia stock ended Friday's session down 2.9%, which is about in line with where it closed prior to the earnings pop yesterday. There were good reasons for both days' moves.