The post Nvidia’s stock surges, after monster results in spite of chip export curbs to China appeared on BitcoinEthereumNews.com.

Nvidia’s done it again. They delivered another monster earnings report for the first quarter of this year. Revenues were an enormous $44.06bn of revenue for last quarter, beating estimates of $43.2bn, earnings per share also beat estimates at $0.96, vs. $0.93. Net income was slightly below expectations at $19.89bn, however, Nvidia is the ultimate growth company, risk sentiment has jumped in post market trading, so this has been well tolerated by the market. Nvidia’s China hit barely visible in earnings data The market also wanted to hear about how the US’s ban on most chip exports to China is impacting revenue. The hit to Nvidia’s revenue is huge: the company said that it will hurt revenue in the current quarter to the tune of more than $8bn, more than double what was expected. There was also an impact on last quarter, export restrictions to China meant that Nvidia was unable to ship an extra $2.5bn of H20 chips. Export restrictions are costing Nvidia a chunk of change, however, demand for their chips are so strong that it is not stopping extraordinary revenue growth for the company. For example, even though Nvidia is expecting to sacrifice more than $8bn in revenue in Q2 due to export restrictions to China, the company is still forecasting revenues to grow to $45bn +/- 2%. This exceeded expectations, and even with barriers to revenue potential in China, Nvidia is proving that it can still generate formidable growth. Nvidia: still dependent on the hyper scalers Gross margin for last quarter was 61%, however, if you excluded the hit from Chinese demand, then gross margins would be 71.3%. This is an astonishing development, and highlights Nvidia’s dominance in the AI revolution. We knew coming into this earnings report that Nvidia’s biggest customers, including Microsoft and Meta, are…

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Filed under: News - @ May 29, 2025 12:26 am