The Morning After: The Switch 2 is out!
I'll be honest, I nearly joined the pre-order scrum the moment it was announced but opted not to for a couple of reasons. First, I don't have the time or opportunity to game enough to need to get a console on day one. Second, I don't think I've yet wrestled all the entertainment out of the first-generation Switch. And third, the pain of buying a new console is always in the two- or three-year wait before its games library is muscular enough for it to be worth your while. Which is why I'll be joining many of you in glowering covetously at the screen, at least for the next year.
— Dan Cooper
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Sonos is discounting a number of its speakers through June 15, including its Era 300 smart speaker. You can pick it up for just $359, $90 less than you'd normally spend, and it comes with the usual suite of Sonos tricks in its back pocket . Like its automatic tuning feature, Trueplay, integration with Siri and Alexa and (admittedly) hit-and-miss spatial audio.
Continue Reading. Devindra Hardawar for Engadget
Devindra Hardawar has played with AMD's new Radeon RX 9060 XT for long enough and now he's ready to share the details. The GPU is AMD's cheaper alternative to NVIDIA's RTX 5060 Ti, available for $300 with 8GB RAM and $350 if you opt for 16GB . There are compromises, like slower RAM and limited support for FSR AI upscaling, but they're tolerable. Especially when the majority of gamers are playing in 1440p and don't need to break the bank for a 4K card.
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Samsung is teasing a new Ultra model, sharing little beyond an animation suggesting it'll sit in the body of a Galaxy Z Fold. In a terse blog post, the company said the handset will use AI for all sorts of tasks in your life , optimized to suit the foldable form factor. Given the Z Fold is already the company's most ultra premium of ultra-premium devices, it'll be interesting to see just how much cash you'll have to spend to own one of these yourself.
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X is testing a feature that will ask users what they think of specific posts and how it makes them feel. The hope is to use that information to train an algorithm to surface content liked by users from all parts of the political spectrum . It's an interesting idea, but given X has been forcing folks with perspectives different from its new owner to leave for blueier or threadier pastures, it might not be as effective as it would have been two years ago.
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Nvidia to Pay the U.S. Government 15% of China AI Chip Sales. How Will Its Revenue and Profits Be Impacted?
Key Points Nvidia and AMD have reportedly agreed to give the U.S. government 15% of their revenue from sales of their respective artificial intelligence (AI) data center chips designed for the China market in exchange for obtaining export licenses. This will be a very minor speed bump for Nvidia, whose revenue growth and profitability are phenomenal. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) and fellow graphics processing unit (GPU) maker Advanced Micro Devices, or AMD, have agreed to give the U.S. government 15% of their revenue from sales of their respective artificial intelligence (AI) data center chips designed for the China market in exchange for obtaining export licenses for these chips, according to the Financial Times, which first reported the story on Sunday night. The 15% AI chip revenue deal The U.S. Commerce Department began issuing export licenses for Nvidia's H20 chip and AMD's MI308 chip on Friday, the Financial Times (FT) reported on Friday. Nvidia provided a statement to the FT after it broke the government deal story on Sunday night that included the following: "We follow rules the U.S. government sets for our participation in worldwide markets." Background on Nvidia's H20 chip Nvidia had designed the H20 AI-enabling GPU specifically for the Chinese market after earlier U.S. export controls, enacted under the administration of President Joe Biden, meant it couldn't sell its more advanced data center AI chips to China. In mid-April, the Trump administration expanded the restrictions to include the H20. Nvidia immediately halted its sales and took a charge of $4.5 billion on its Q1 results for H20 inventory and purchase commitments. Then in mid-July, Nvidia emailed investors who subscribe to the company's news and said it was "filing applications to sell the Nvidia H20 GPU again. The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon." At the time, there was no mention of giving the government a 15% cut of H20 revenue as a condition for obtaining export licenses. How will Nvidia's revenue be affected by this deal? We can get an estimate as to how this deal will affect Nvidia's financial results by looking at the company's fiscal first quarter, which ended on April 27. In that quarter, Nvidia sold $4.6 billion in H20 chips to China prior to the start of the export controls in mid-April. It said it was unable to ship $2.5 billion in H20 chips that it had already produced due to the export controls. So, had the restrictions not existed, Nvidia would have sold $7.1 billion in H20 chips to China customers in Q1. This amounts to 15.2% of $46.6 billion, which is what its total revenue would have been, absent the export controls. Over 15% of its total revenue is significant, so you can see the importance of Nvidia's China data center business. For its fiscal Q2 (which ended July 27), investors should expect Nvidia to report no sales of its H20 chip, because the export restrictions were in place the entire quarter. However, H20 sales should fully rebound in fiscal Q3 (late July to late October). When Nvidia provided Q2 guidance, it estimated that it would lose about $8 billion in H20 chip sales due to the export controls. So, keeping with roughly the same sequential quarter growth, let's assume Q3 H20 sales will be about $9 billion. In this case, Nvidia would pay the U.S. government $1.35 billion, which is 15% of $9 billion. While $1.35 billion seems like a huge number, it's only a small percentage of Nvidia's overall quarterly revenue. In Q1, Nvidia's total revenue was $44.1 billion -- and it would have been $46.6 billion, had it not "lost" sales of $2.5 billion due to the export restrictions. That $1.35 billion is only 2.9% of $46.6 billion. But the actual Q3 percentage will be smaller because Nvidia's revenue will be higher in Q3 than Q1. A revenue loss of somewhere between 2% to 3% of total sales is a very minor speed bump. Moreover, it's a much better situation than having no H20 sales. How will Nvidia's profitability be affected by this deal? Giving the government a 15% cut of H20 sales revenue should also negatively affect Nvidia's bottom line. But it should be an extremely minor dent, because Nvidia's data center platform is amazingly profitable. On that note, Nvidia overall is amazingly profitable. Nvidia doesn't break out its profitability by platform, so we'll have to use its overall numbers. In Q1, Nvidia's adjusted gross margin (gross profit divided by revenue) absent the $4.5 billion H20-related charge was 71.3%. The company provided its adjusted earnings per share (EPS) absent the charge, so I could calculate adjusted net income absent the charge and then from that calculate adjusted net profit margin (net income divided by revenue) absent the charge -- which would have been 56.1%. In other words, Nvidia converts more than half of its revenue into adjusted profits in a typical quarter, which is just phenomenal. It can easily absorb slightly less profitability on its H20 chips, which, again, account for roughly 15% of its total revenue in a typical quarter. In short, Nvidia stock's strong upward trajectory should not be hurt by the company having to give the government a slice of its H20 sales. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Beth McKenna has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Nvidia to Pay the U.S. Government 15% of China AI Chip Sales. How Will Its Revenue and Profits Be Impacted? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Nvidia to Pay the U.S. Government 15% of China AI Chip Sales. How Will Its Revenue and Profits Be Impacted?
Key Points Nvidia and AMD have reportedly agreed to give the U.S. government 15% of their revenue from sales of their respective artificial intelligence (AI) data center chips designed for the China market in exchange for obtaining export licenses. This will be a very minor speed bump for Nvidia, whose revenue growth and profitability are phenomenal. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) and fellow graphics processing unit (GPU) maker Advanced Micro Devices, or AMD, have agreed to give the U.S. government 15% of their revenue from sales of their respective artificial intelligence (AI) data center chips designed for the China market in exchange for obtaining export licenses for these chips, according to the Financial Times, which first reported the story on Sunday night. The 15% AI chip revenue deal The U.S. Commerce Department began issuing export licenses for Nvidia's H20 chip and AMD's MI308 chip on Friday, the Financial Times (FT) reported on Friday. Nvidia provided a statement to the FT after it broke the government deal story on Sunday night that included the following: "We follow rules the U.S. government sets for our participation in worldwide markets." Background on Nvidia's H20 chip Nvidia had designed the H20 AI-enabling GPU specifically for the Chinese market after earlier U.S. export controls, enacted under the administration of President Joe Biden, meant it couldn't sell its more advanced data center AI chips to China. In mid-April, the Trump administration expanded the restrictions to include the H20. Nvidia immediately halted its sales and took a charge of $4.5 billion on its Q1 results for H20 inventory and purchase commitments. Then in mid-July, Nvidia emailed investors who subscribe to the company's news and said it was "filing applications to sell the Nvidia H20 GPU again. The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon." At the time, there was no mention of giving the government a 15% cut of H20 revenue as a condition for obtaining export licenses. How will Nvidia's revenue be affected by this deal? We can get an estimate as to how this deal will affect Nvidia's financial results by looking at the company's fiscal first quarter, which ended on April 27. In that quarter, Nvidia sold $4.6 billion in H20 chips to China prior to the start of the export controls in mid-April. It said it was unable to ship $2.5 billion in H20 chips that it had already produced due to the export controls. So, had the restrictions not existed, Nvidia would have sold $7.1 billion in H20 chips to China customers in Q1. This amounts to 15.2% of $46.6 billion, which is what its total revenue would have been, absent the export controls. Over 15% of its total revenue is significant, so you can see the importance of Nvidia's China data center business. For its fiscal Q2 (which ended July 27), investors should expect Nvidia to report no sales of its H20 chip, because the export restrictions were in place the entire quarter. However, H20 sales should fully rebound in fiscal Q3 (late July to late October). When Nvidia provided Q2 guidance, it estimated that it would lose about $8 billion in H20 chip sales due to the export controls. So, keeping with roughly the same sequential quarter growth, let's assume Q3 H20 sales will be about $9 billion. In this case, Nvidia would pay the U.S. government $1.35 billion, which is 15% of $9 billion. While $1.35 billion seems like a huge number, it's only a small percentage of Nvidia's overall quarterly revenue. In Q1, Nvidia's total revenue was $44.1 billion -- and it would have been $46.6 billion, had it not "lost" sales of $2.5 billion due to the export restrictions. That $1.35 billion is only 2.9% of $46.6 billion. But the actual Q3 percentage will be smaller because Nvidia's revenue will be higher in Q3 than Q1. A revenue loss of somewhere between 2% to 3% of total sales is a very minor speed bump. Moreover, it's a much better situation than having no H20 sales. How will Nvidia's profitability be affected by this deal? Giving the government a 15% cut of H20 sales revenue should also negatively affect Nvidia's bottom line. But it should be an extremely minor dent, because Nvidia's data center platform is amazingly profitable. On that note, Nvidia overall is amazingly profitable. Nvidia doesn't break out its profitability by platform, so we'll have to use its overall numbers. In Q1, Nvidia's adjusted gross margin (gross profit divided by revenue) absent the $4.5 billion H20-related charge was 71.3%. The company provided its adjusted earnings per share (EPS) absent the charge, so I could calculate adjusted net income absent the charge and then from that calculate adjusted net profit margin (net income divided by revenue) absent the charge -- which would have been 56.1%. In other words, Nvidia converts more than half of its revenue into adjusted profits in a typical quarter, which is just phenomenal. It can easily absorb slightly less profitability on its H20 chips, which, again, account for roughly 15% of its total revenue in a typical quarter. In short, Nvidia stock's strong upward trajectory should not be hurt by the company having to give the government a slice of its H20 sales. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Beth McKenna has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Nvidia to Pay the U.S. Government 15% of China AI Chip Sales. How Will Its Revenue and Profits Be Impacted? was originally published by The Motley Fool
Yahoo
2 hours ago
- Yahoo
Options Traders Price in Volatile Nvidia Earnings Reaction After U.S. Government Deal on AI Chips
Semiconductor giants Nvidia (NVDA) and Advanced Micro Devices (AMD) are in focus this morning, thanks to reports of a unique arrangement requiring 15% of China-related artificial intelligence (AI) chip revenue to be paid to the U.S. government. In exchange, the companies will receive export licenses to sell the Nvidia H20 and AMD MI308 in China, respectively, granting them access to a key market for their AI chips. As investors weigh the unusual deal, anonymously confirmed by a government official to the AP, both NVDA and AMD are volatile on heavy trading volume to start this Monday. Both stocks were down about 0.9% each in the early minutes, and are now trading green. In 2025 so far, AMD has gained 39%, while NVDA is up 31% - easily outperforming the broader equities market. More News from Barchart Microsoft's Impressive Free Cash Flow - MSFT Stock Could Be Worth 28% More Option Volatility And Earnings Report For Aug 11 - 15 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. The Chinese market represents approximately 13% of Nvidia's total sales and a significant portion of AMD's revenue. Alongside U.S.-China trade tensions, Nvidia is also battling state media claims about security risks in its H20 chips. AMD has shown remarkable resilience with record Q2 revenue of $7.7 billion, representing a 32% year-over-year increase, despite an $800 million inventory charge related to China export restrictions. What's Next for the AI Chip Market? The broader AI semiconductor sector remains strong, with global foundry giant Taiwan Semiconductor (TSM) projecting 30% revenue growth in 2025, supported by major tech companies' aggressive capital expenditure plans in data center expansion. The AI GPU market shows no signs of slowing, with market projections reaching $352.5 billion by 2030. Nvidia continues to benefit from widespread adoption of its Hopper 200 and Blackwell GPU platforms, while AMD's strategic focus on AI through products like the MI350 GPU series and upcoming MI400 platform positions them as a strong second player in the market. Wall Street maintains an overwhelmingly bullish stance on NVDA stock, with 38 out of 45 analysts rating it a "Strong Buy," while AMD holds a "Moderate Buy" consensus with a mean price target of $183.27 - about 6% higher than current prices. Looking ahead, the next big catalyst for the duo could be Nvidia's quarterly earnings report, due out after the close on Aug. 27. As of today, options traders are pricing in a bigger-than-usual 7.54% price swing for NVDA after the report. This article was created with the support of automated content tools from our partners at Together, our financial data and AI solutions help us to deliver more informed market headline analysis to readers faster than ever. On the date of publication, Elizabeth H. Volk had a position in: AMD, NVDA. All information and data in this article is solely for informational purposes. This article was originally published on
