NVIDIA discloses more China risks
Digest more
Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),
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.
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,
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.'
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.
The AI chip maker’s shares rose more than 5% after hours as quarterly revenue surged to a record $44 billion.
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.
Sen. Jim Banks and Sen. Elizabeth Warren are accusing the chip maker of undercutting national security.
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.