Nvidia reported $44.06 billion in revenue for Q1, exceeding Wall Street expectations, yet faced challenges from U.S. export restrictions on H20 chips impacting access to the Chinese market. CEO Jensen Huang highlighted that the $4.5 billion write-down reflects the loss of a significant customer and anticipates an $8 billion revenue drop next quarter. Huang emphasized the importance of the Chinese market for AI, while surprisingly commending some policies of President Trump, stating the president has a clear vision for the industry.
The restrictions on H20 chips have cut off one of the few ways Nvidia can compete in China, leading to revenue losses.
Nvidia's strong earnings exceeded expectations, reporting $44.06 billion in revenue despite losing a significant customer due to export restrictions.
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