
Stage set for Nvidia earnings report amid US chip export controls
Investors are poised for a crucial update on Nvidia's earnings after the AI chip maker has been caught up in the fallout of Donald Trump's trade policy overhaul.
The US technology giant will unveil its financial results for the first three months of 2025 on Wednesday.
As the second most valuable listed company in the world, behind Microsoft, Nvidia is watched closely by global traders.
Nvidia was among global technology firms to suffer sharp drops in their share price following Mr Trump's 'liberation day' tariff announcements last month.
However, they have rallied since and most of the losses suffered on Wall Street in the wake of the announcements have been regained.
Russ Mould, investment director at AJ Bell, said that analysts will 'doubtless' look for comments from Nvidia's chief executive, Jensen Huang, on tariffs.
He added that they will also be closely watching for an update on the impact of the US government tightening rules on chip exports to China, after the company warned over a 5.5 billion US dollar (£4.1 billion) cost hit from the move.
Nvidia said it has been informed by the US government that it needs a licence to export its H20 AI chip to China, including Hong Kong, for the 'indefinite future'.
Mr Huang recently blasted the country's wider export controls as a 'failure', saying they had backfired against US companies by spurring on Chinese developers.
Meanwhile, the boss has tried to soothe investor concerns about Chinese AI firm DeepSeek emerging earlier this year as a lower-cost rival to the US giant.
'Trump's tariffs and trade policies are blotting out many other issues right now, but this one is yet to go away,' Mr Mould said.
'The (DeepSeek) product challenged the consensus view that AI required more – more chipsets, more computing and server power, and more energy – and AI-related stocks have yet to fully recover their poise.'
'Nvidia did offer fairly cautious guidance for the first quarter, which runs from February to April, but it has had the happy knack of beating estimates for the quarter,' he added.
Nvidia is expected to report sales of about 43 billion US dollars (£31.9 billion) for the first quarter, about two-thirds higher than the 22.1 billion dollars (£16.4 billion) generated this time last year.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
25 minutes ago
- Reuters
NextEra CEO says renewables needed as bridge to expanding gas power
WASHINGTON, June 10 (Reuters) - Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity, said NextEra CEO John Ketchum on Tuesday. The head of the Florida-based power producer said at the Politico Energy Summit that competition and high costs to obtain gas turbines, a construction labor shortage, and the costs associated with tariffs mean that it will take at least seven years to get new gas-fired power plants online. "We need a bridge to get ourselves to 2032 when that gas shows up ... And when that gas shows up, it's going be three times more expensive than it's ever been," Ketchum said. "If we take renewables off the table, we are going to have a real power shortage problem in this country." U.S. House lawmakers narrowly passed a budget reconciliation bill last month that would phase out clean energy tax credits, slash spending on renewables, and claw back other climate-related funds. The House bill, which is now being debated by the Senate, shortens the window for developers to start and complete new clean energy projects to qualify for tax credits, and makes the incentives unworkable, Ketchum said. Ketchum's comments reverse an oft-repeated defense of natural gas in the fossil fuel industry during previous administrations seeking to fight climate change that had framed the fuel as a bridge to a renewables-driven carbon-free energy system. Trump opposes renewable energy subsidies and wants to expand production of oil, gas and coal. He has also declared an "energy emergency" to spur more fuel and electricity production, in part to meet growing demand for power for data centers and artificial intelligence.


BreakingNews.ie
31 minutes ago
- BreakingNews.ie
Greta Thunberg says she was kidnapped by Israeli forces in international waters
Greta Thunberg on Tuesday accused Israel of kidnapping her and her fellow pro-Palestinian activists in international waters, saying she declined to sign a document stating she entered the country illegally prior to being deported. Speaking in the arrivals section of Paris Charles de Gaulle Airport after being deported from Israel, the Swedish activist said she and her team had broken no laws, and called for the immediate release of the activists still in Israel. Advertisement "I was very clear in my testimony that we were kidnapped on international waters and brought against our own will into Israel," she said. She laughed off criticism from US president Donald Trump, who had described her as an angry person, saying: "I think the world needs a lot more young angry women to be honest, especially with everything going on right now." World Greta Thunberg deported from Israel after Gaza-bou... Read More Thunberg (22) arrived in Paris a day after the Israeli navy prevented her and a group of fellow pro-Palestinian activists from sailing to Gaza. Israeli forces boarded the charity vessel as it neared Gaza early on Monday, trying to break through a years-old naval blockade of the coastal enclave, and seized the 12-strong crew, including Thunberg. Thunberg denied her mission to deliver aid to Gaza by breaking through a years-old naval blockade of the coastal enclave was a PR stunt, saying a previous effort in a larger boat was ended after the vessel was bombed. She said she was now in desperate need of a shower and sleep. She admitted it was unclear where she would be heading next, telling reporters it could be Sweden.


Daily Mail
35 minutes ago
- Daily Mail
EXCLUSIVE Fox News' STEVE HILTON: Gavin Newsom just revealed the corrupt reason he let the LA riots spin out of control
By now it is a familiar pattern in California: Democrats create a problem, are totally incapable of solving it, then desperately try to blame someone or something else. In January, their extreme environmental regulations created the conditions for the catastrophic wildfires in L.A. Their utterly inept response made it worse. And then they tried to blame the whole thing on ' climate change ', as if that had anything to do with fire hydrants that ran out of water.