Latest news with #H20s
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.
Yahoo
23-05-2025
- 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's 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 pushed Nvidia's share price to just about flat year to date and up roughly 40% over the last 12 months as of Thursday. 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, says 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. 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. 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
23-05-2025
- Business
- Yahoo
Nvidia to report Q1 earnings as Middle East deals, export control reprieve boosts 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's 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 pushed Nvidia's share price to just about flat year to date and up roughly 40% over the last 12 months as of Thursday. Nvidia's report follows the company's showing at the annual Computex Taipei tradeshow in Taiwan, where it showed off new technologies, such as its new cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers including CoreWeave 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 adj. 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. 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, says 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. 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 AI 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.
Yahoo
23-05-2025
- Business
- Yahoo
Nvidia to report Q1 earnings as Middle East deals, export control reprieve boosts 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's 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 pushed Nvidia's share price to just about flat year to date and up roughly 40% over the last 12 months as of Thursday. Nvidia's report follows the company's showing at the annual Computex Taipei tradeshow in Taiwan, where it showed off new technologies, such as its new cloud offering that gives customers access to cloud-based versions of Nvidia's GPUs via third-party providers including CoreWeave 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 adj. 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. 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, says 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. 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 AI 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. 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
25-04-2025
- Business
- Yahoo
Chinese companies stockpiled billions of dollars worth of Nvidia H20 GPUs prior to recent ban
When you buy through links on our articles, Future and its syndication partners may earn a commission. China's top three internet companies reportedly stockpiled billions of dollars worth of Nvidia H20 GPUs before the U.S. export restrictions went into effect in April. Nikkei Asia reports that ByteDance, Alibaba, and Tencent anticipated the likelihood of an export ban on the China-specific H20 last year, and have since been snapping up as many H20 GPUs as they can get their hands three companies have reportedly accumulated around 1 million H20s — or about a full year's supply. While that is a significant number of GPUs, the companies' full supply was cut short by a month, as they requested that Nvidia ship them their fully-requested volume of H20s by the end of May. If all three companies managed to get their hands on all the H20s they requested, the total value would exceed $12 demand for computing power is apparently the main reason for the companies' stockpiling: Tencent's integration of DeepSeek into WeChat is a huge contributor to China's demand for computing Nvidia H20 will serve as a stop-gap solution for Chinese companies until homegrown AI GPUs are able to provide similar — or better — performance. Huawei is reportedly working on a new Ascend GPU claimed to rival the performance of Nvidia's GB200, which would give China the same AI computing capabilities as Western countries. Starting in April, the U.S government banned the exportation of Nvidia's H20 HGX AI GPU designed for the Chinese market. The government cited the GPU's memory and interconnect bandwidth, as well as its potential use in supercomputers, as reasons for the ban. The new restriction will force Nvidia to take a massive $5.5 billion financial hit, as it can no longer sell its existing inventory of H20 GPUs to H20 is a cut-down variant of the H100 — Nvidia's predecessor to the current HGX B200. Similar to the RTX 5090D and RTX 4090D, the H20 is a datacenter GPU tailor-made to comply with the U.S government's export sanctions to China, featuring dramatically reduced AI and HPC performance compared to its bigger brother.
