Nvidia reported significant revenue growth of over 69% in Q1 driven by strong demand for its AI infrastructure. CEO Jensen Huang projected further acceleration in AI computing demand. Despite the positive earnings, Nvidia faced challenges including a $4.5 billion charge related to decreased demand for its China-specific products due to restricted sales. The company warned that new export controls and tariffs could complicate its supply chains. Huang criticized US policies around export restrictions, indicating they negatively impact American tech firms.
Global demand for NVIDIA's AI infrastructure is incredibly strong, and I expect demand for AI computing to accelerate," said CEO Jensen Huang.
Nvidia had incurred a $4.5bn charge during the quarter as demand for its China-specific 'H20' products waned due to sales restrictions.
Changes in global trade policies loom large in Nvidia's forecast, with new export controls and tariffs increasing supply chain complexities and costs.
CEO Huang criticized US export controls, calling them a 'failure' and suggesting they backfire against American companies by limiting market access.
Collection
[
|
...
]