Nvidia reported strong Q1 results, exceeding revenue and earnings expectations, with guidance impacted by China restrictions.

From Yahoo Finance: 2025-05-29 19:15:00

Nvidia Corp. (NVDA) reported strong Q1 results, exceeding revenue and earnings expectations despite losing billions in China sales due to U.S. export restrictions. Revenue beat estimates, but Q2 guidance fell slightly short at $45 billion, factoring in an $8 billion hit from chip export controls to China.

Shares of Nvidia surged 6.4% to $143.49, nearing its all-time high, driven by the realization that the guidance, excluding the impact from China restrictions, would have been closer to $53 billion. The rebound reflects investor optimism in Nvidia’s growth potential beyond China.

Nvidia’s AI chips continue to be in high demand, particularly from tech giants like Microsoft, Amazon, and Oracle. The company is also expanding globally, securing sovereign AI deals with countries investing heavily in AI infrastructure like Saudi Arabia and the UAE.

For ETF investors, Nvidia remains a key holding in many AI-themed strategies. The largest AI-themed ETF, Global X Artificial Intelligence & Technology ETF (AIQ), holds a 2.8% position in Nvidia, while funds like Global X Robotics & Artificial Intelligence ETF (BOTZ) allocate 9.7% to Nvidia. iShares AI and Innovation Tech Active ETF (BAI) also has a 9% allocation to the company.



Read more at Yahoo Finance: Nvidia Earnings Could Reignite Momentum in Top AI ETFs