Nvidia earnings live: Nvidia up on Q1 revenue , sees $8 million effect from china export rules
Nvidia just absolutely smashed it this quarter—like, $44.1 billion in revenue. That’s not just big, that’s “holy crap, are you kidding me?” big. They’re up 69% from last year, which is wild, and it’s basically because everyone and their grandma wants their AI chips right now. The data center biz is the real cash cow here—it alone pulled in $39.1 billion. It’s like the world woke up and decided, “Yeah, we’re all about AI, and Nvidia’s the only name in town.”
Of course, it’s not all rainbows. Uncle Sam’s been throwing some serious shade with these new export restrictions to China. The government’s basically telling Nvidia, “Hey, don’t sell your fancy H20 chips to the Chinese.” That’s a big deal because, surprise, China kind of wants those chips. So now Nvidia’s sitting on a $4.5 billion headache—inventory and purchase obligations piling up because of the red tape. And next quarter? They’re bracing for an $8 billion hit. Ouch.
Jensen Huang, Nvidia’s head honcho, isn’t exactly thrilled about it. He’s out here saying, look, if the U.S. keeps playing keep-away with tech, China’s just gonna double down and start cranking out their own chips. Not only does that mess with Nvidia’s bag, but it could actually make the U.S. lose its edge in AI. Basically, it’s like poking a bear and being surprised when it bites back.
Still, Wall Street’s loving Nvidia right now. The stock shot up over 4% after hours, so investors are clearly betting that Nvidia’s too smart to let a little geopolitical drama slow them down.
Plus, the company’s not just sitting around. They’re hustling—building new partnerships, eyeing markets in the Middle East and elsewhere. Don’t wanna put all your chips (pun intended) in one basket, right? With another monster quarter on the horizon (they’re talking $45 billion next time), Nvidia’s acting like the party’s just getting started. Relentless in AI, a killer lineup of products, and a global reach that keeps getting bigger—if you’re betting against Nvidia at this point, well, good luck with that.
