Nvidia is poised to report its Q1 earnings with Wall Street anticipating $43.3 billion in revenue, reflecting a significant 66% year-over-year increase. However, the tech giant faces uncertain guidance and regulatory challenges following new export rules limiting sales of its H20 AI chips to China, which could result in a $15 billion loss in future revenue. Nvidia's CEO Jensen Huang expressed the company's loss of $5.5 billion in inventory write-offs could affect investor sentiment during the earnings release. Moreover, scrutiny around its technology's use in China adds to the growing regulatory pressures the company faces.
Nvidia's quarterly reports for the past year have shown explosive growth and is expected to beat Wall Street expectations.
The tightening rules on chip exports have resulted in a potential loss of $15 billion in revenue for Nvidia.
Nvidia CEO Jensen Huang stated, 'Not only am I losing $5.5bn, we walked away from $15bn of sales and probably... $3bn worth of taxes.'
The committee on China alleges Nvidia's chips powered AI models that might be aligned with the Chinese Communist party's propaganda.
Collection
[
|
...
]