Nvidia Corp. has exceeded market expectations by posting an impressive 69% increase in revenues to $44.1 billion. This outstanding performance, despite concerns over headwinds in China due to U.S. export restrictions, positions Nvidia to potentially surpass Microsoft as the world's most valuable company. CEO Jensen Huang projects future revenues around $45 billion, although restrictions have spurred discussions about alternative lower-cost chip versions for the Chinese market. These developments could affect Nvidia's long-term success if China accelerates its own AI chip production in response to U.S. limitations.
Nvidia's CEO Jensen Huang showcases extraordinary results, reporting a 69% revenue growth to $44.1 billion, defying market skepticism over potential headwinds from China sales.
Despite the Trump administration's restrictions on high-end chips to China, Nvidia anticipates strong sales in Saudi Arabia and plans to offer a less powerful version of its Blackwell chip.
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