3 key takeaways from Nvidia's earnings: China blow, cloud strength and AI future
Publishing timestamp: 2025-05-29 12:55:31
Summary
Nvidia reported strong fiscal first-quarter earnings, missing out on $2.5 billion in sales due to China export restrictions on H20 chips. CEO Jensen Huang expressed concerns about U.S. export controls driving AI talent to use Chinese chips. Despite challenges, Nvidia's data center division continues to surge, with cloud providers making up half of its revenue. The company is considering options for new products to sell in the Chinese market.
Sentiment: MIXED
Tickers: MSFT, GOOGL, AMZN, NVDA, ORCL,
Keywords: breaking news: technology, business news, apple inc, mobile, nvidia corp, china, jpmorgan chase & co, alphabet inc, oracle corp, united states, technology, business, microsoft corp, amazon.com inc,
Source: https://www.cnbc.com/2025/05/29/nvidia-stock-earnings-china.html