Latest news with #ComputexTaipei
Yahoo
2 days ago
- Business
- Yahoo
Nvidia beats on Q1 revenue, warns of $8 billion sales hit in Q2 from H20 export ban
Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday, beating expectations on revenue but falling short on adjusted earnings per share (EPS) due to the impact of the ban on shipments of its H20 chips to China. The company also said it expects to miss out on roughly $8 billion in sales of H20s in the second quarter. Nvidia stock was up 5% in premarket trading on Thursday following the announcement. For the quarter, Nvidia reported EPS of $0.81 on revenue of $44.1 billion, compared to analysts' expectations of $0.93 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. Without the charge for the H20 chips in Q1, adjusted EPS would have topped out at $0.96. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Nvidia's data center segment, its largest business, saw revenue of $39.1 billion, up from $22.5 billion last year but behind Wall Street expectations of $39.2 billion. According to Nvidia CFO Colette Kress, Nvidia generated just under 50% of its data center revenue via hyperscalers like Amazon (AMZN), Google (GOOG), and Microsoft (MSFT). "Global demand for Nvidia's AI infrastructure is incredibly strong," CEO Jensen Huang said in a statement. "AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation,' he said. Nvidia had to write down $4.5 billion in charges related to the Trump administration's ban on sales of its H20 chip to China. The company announced the news in an April regulatory filing. Nvidia's shares have fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from export controls to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have increased Nvidia's share price to more than $136 — slightly less than 2% up from the stock's value at the start of the year, and up roughly 20% over the past 12 months as of Wednesday. Nvidia's report follows the company's showing at the annual Computex Taipei trade show in Taiwan, where it showcased new technologies, such as a cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers like CoreWeave (CRWV) and Foxconn ( Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 billion out of the April [quarter] — impact was effective April 7, so 23 days of lost H20 revenue—and about $5 billion of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Read more about Nvidia's earnings: Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock How Nvidia 'played a central role' in the $306 billion AI startup boom Why Nvidia's rise could signal bad news for climate goals Nvidia's bear case: Is the hype train running out of tracks? Big Tech's spending drove Nvidia's rise Nvidia China revenue set to cross $6 billion in Q1 as investors brace for export ban impact 3 things Nvidia investors should look out for in its earnings call Nvidia earnings topped forecasts by 10% over past 2 years Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Nvidia beats on Q1 revenue, warns of $8 billion sales hit in Q2 from H20 export ban
Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday, beating expectations on revenue but falling short on adjusted earnings per share (EPS) due to the impact of the ban on shipments of its H20 chips to China. The company also said it expects to miss out on roughly $8 billion in sales of H20s in the second quarter. Nvidia stock was up 5% in premarket trading on Thursday following the announcement. For the quarter, Nvidia reported EPS of $0.81 on revenue of $44.1 billion, compared to analysts' expectations of $0.93 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. Without the charge for the H20 chips in Q1, adjusted EPS would have topped out at $0.96. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Nvidia's data center segment, its largest business, saw revenue of $39.1 billion, up from $22.5 billion last year but behind Wall Street expectations of $39.2 billion. According to Nvidia CFO Colette Kress, Nvidia generated just under 50% of its data center revenue via hyperscalers like Amazon (AMZN), Google (GOOG), and Microsoft (MSFT). "Global demand for Nvidia's AI infrastructure is incredibly strong," CEO Jensen Huang said in a statement. "AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation,' he said. Nvidia had to write down $4.5 billion in charges related to the Trump administration's ban on sales of its H20 chip to China. The company announced the news in an April regulatory filing. Nvidia's shares have fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from export controls to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have increased Nvidia's share price to more than $136 — slightly less than 2% up from the stock's value at the start of the year, and up roughly 20% over the past 12 months as of Wednesday. Nvidia's report follows the company's showing at the annual Computex Taipei trade show in Taiwan, where it showcased new technologies, such as a cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers like CoreWeave (CRWV) and Foxconn ( Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 billion out of the April [quarter] — impact was effective April 7, so 23 days of lost H20 revenue—and about $5 billion of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Read more about Nvidia's earnings: Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock How Nvidia 'played a central role' in the $306 billion AI startup boom Why Nvidia's rise could signal bad news for climate goals Nvidia's bear case: Is the hype train running out of tracks? Big Tech's spending drove Nvidia's rise Nvidia China revenue set to cross $6 billion in Q1 as investors brace for export ban impact 3 things Nvidia investors should look out for in its earnings call Nvidia earnings topped forecasts by 10% over past 2 years Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Nvidia beats on Q1 revenue, says it expects an additional $8 billion charge on H20 losses in Q2
Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday beating expectations on revenue, but falling short on adjusted earnings per share (EPS) due to the impact of the ban on shipments of its H20 chips to China. The company also said it expects to miss out on roughly $8 billion in revenue due to losses from the ban. Nvidia stock was up 2.6% following the announcement For the quarter, Nvidia reported EPS of $0.81 on revenue of $44.1 billion. Analysts' expectations of $0.93 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Nvidia's data center segment, its largest business, saw revenue of $39.1 billion, up from $22.5 billion last year, but behind Wall Street expectations of $39.2 billion. Nvidia had to write down $4.5 billion in charges related to the Trump administration's ban on sales of its H20 chip to China. The company announced the news in an April regulatory filing. Nvidia's shares have fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from export controls to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have increased Nvidia's share price to more than $136 — slightly less than 2% up from the stock's value at the start of the year, and up roughly 20% over the past 12 months as of Wednesday. Nvidia's report follows the company's showing at the annual Computex Taipei trade show in Taiwan, where it showcased new technologies, such as a cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers like CoreWeave (CRWV) and Foxconn ( Read more: How does Nvidia make money? Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 billion out of the April [quarter] — impact was effective April 7, so 23 days of lost H20 revenue—and about $5 billion of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Nvidia CEO Jensen Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Read more about Nvidia: Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock How Nvidia 'played a central role' in the $306 billion AI startup boom Why Nvidia's rise could signal bad news for climate goals Nvidia's bear case: Is the hype train running out of tracks? Big Tech's spending drove Nvidia's rise Nvidia China revenue set to cross $6 billion in Q1 as investors brace for export ban impact 3 things Nvidia investors should look out for in its earnings call Nvidia earnings topped forecasts by 10% over past 2 years Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Nvidia beats on Q1 earnings, but says it expects an additional $8 billion charge on H20 losses
Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday beating expectations on adjusted earnings per share, revenue, as data center revenue came up short due to the ban on shipments of its H20 chips to China. The company, however, said it expectes to miss out on roughly $8 billion in revenue due to losses from the ban. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $0.96 on revenue of $44.1 billion. Analysts' expectations of $0.93 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Nvidia's data center segment, its largest business, saw revenue of $39.1 billion, up from $22.5 billion last year, but behind Wall Street expectations of $39.2 billion. Nvidia had to write down $5.5 billion in charges related to the Trump administration's ban on sales of its H20 chip to China. The company announced the news in an April regulatory filing. Nvidia's shares have fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from export controls to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have increased Nvidia's share price to more than $136 — slightly less than 2% up from the stock's value at the start of the year, and up roughly 20% over the past 12 months as of Wednesday. Nvidia's report follows the company's showing at the annual Computex Taipei trade show in Taiwan, where it showcased new technologies, such as a cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers like CoreWeave (CRWV) and Foxconn ( Read more: How does Nvidia make money? Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 billion out of the April [quarter] — impact was effective April 7, so 23 days of lost H20 revenue—and about $5 billion of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Nvidia CEO Jensen Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Read more about Nvidia: Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock How Nvidia 'played a central role' in the $306 billion AI startup boom Why Nvidia's rise could signal bad news for climate goals Nvidia's bear case: Is the hype train running out of tracks? Big Tech's spending drove Nvidia's rise Nvidia China revenue set to cross $6 billion in Q1 as investors brace for export ban impact 3 things Nvidia investors should look out for in its earnings call Nvidia earnings topped forecasts by 10% over past 2 years Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley.
Yahoo
3 days ago
- Business
- Yahoo
Nvidia to report Q1 earnings as Middle East deals, export control reprieve boost stock
Nvidia (NVDA) will report its fiscal first quarter results after the bell on Wednesday in the most-anticipated earnings announcement of the season. Nvidia stock has fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from the Trump administration's ban on shipments of its H20 chips bound for China to concerns related to expected semiconductor tariffs. But a last-minute reprieve from Washington's planned AI diffusion rule, which was put in place by the Biden administration to limit GPU sales to certain countries, and major investment announcements during Trump's visit to the Middle East have brought Nvidia's share price to $135.50 — 1% over the value at the start of the year, and up roughly 27% over the past 12 months as of Tuesday. Nvidia's report follows the company's showing at the annual Computex Taipei tradeshow in Taiwan, where it showcased new technologies, such as its new cloud offering, which gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers, including CoreWeave (CRWV) and Foxconn ( For the quarter, Nvidia is expected to report adjusted earnings per share (EPS) of $0.88 on revenue of $43.3 billion, according to Bloomberg analyst consensus data. The company reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year. Wall Street anticipates Nvidia's data center revenue to top out at $39.2 billion, up from $22.5 billion, which works out to a 74% year-over-year increase. Gaming revenue, the company's second-largest segment, is set to hit $2.8 billion, up from $2.6 billion. Read more: How does Nvidia make money? Analysts anticipate Nvidia's China revenue to come in at $6.2 billion, up 150% from the $2.4 billion it sold in the region in Q1 last year. The US is expected to account for $21.6 billion of the company's sales. Nvidia, however, said it will have to write down $5.5 billion in charges related to the Trump administration's ban on sales of its H20 chip. The company announced the news in an April regulatory filing. Nvidia specifically designed the H20 to meet the Biden administration's restrictions on AI chips destined for China. But DeepSeek sent shockwaves through Washington and Wall Street when it proved it could produce powerful AI models using below top-of-the-line Nvidia chips. As a result, Trump imposed tighter restrictions on the company's chips, banning the sale of H20s in the country. "There is simply no offset to this," Morgan Stanley analyst Joseph Moore wrote in an investor note ahead of the earnings report. "Blackwell demand is very strong ... but they are supply constrained, and lost H20 does not result in more Blackwell supply. We assume that this takes about $1 bn out of the April [quarter]—impact was effective April 7, so 23 days of lost H20 revenue—and about $5 bn of lost revenue in July. We actually think demand for H20 is much higher, driven by the surge of inference in China." According to Reuters, Nvidia is now working on a modified version of the H20 that meets the Trump administration's performance requirements. During a press conference at Computex, Nvidia CEO Jensen Huang came out swinging against the US's policies, saying that they've been a failure and that they benefit China's own AI chipmakers, according to Bloomberg. Nvidia received relief from some export restrictions when the Trump administration axed the Biden administration's planned AI diffusion rules, which would have created a tiered system that determined which countries could purchase AI chips and which required special licenses or couldn't get them at all. The administration plans to introduce a new set of export requirements in the future. The move set up Nvidia's announcement that it will provide hundreds of thousands of GPUs over the next five years to Humain, an artificial intelligence startup backed by Saudi Arabia's sovereign wealth fund. The news came during Trump's trip to the Middle East, which also included the announcement of a second Project Stargate that will be built in the United Arab Emirates using Nvidia's Blackwell systems. "For investors worried about AI capex sustainability, we now have another deeppocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub," Bernstein analyst Stacy Rasgon wrote in an investor note. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley.
