Nvidia sales beat expectations despite China export restrictions, new Blackwell chips in demand

From Yahoo Finance: 2025-05-28 16:24:00

Nvidia beat sales expectations in the last quarter as customers stockpiled AI chips before U.S. export restrictions on China. However, these restrictions will lead to an $8 billion sales cut in the current quarter, prompting a lower forecast than Wall Street estimates. Despite this, Nvidia’s new Blackwell chips are in demand, with deals signed in the Middle East offering potential growth. Analysts are concerned about ongoing trade tensions impacting AI chip demand, but Nvidia remains a key player in the market. President Trump’s decision to rescind a restrictive AI rule has also been welcomed by Nvidia.



Read more at Yahoo Finance: Nvidia shares rise as sales hit from China export curbs not as bad as feared