Nvidia shares surge as earnings beat despite chip export restrictions to China
Forrás:
Euronews.com
2 hónapja
Nvidia's first-quarter earnings for fiscal year 2026 surpassed expectations, with a 5% share price increase despite an $8 billion loss from US chip export restrictions to China. The company's revenue rose 69% to $44.1 billion, driven by strong demand for AI infrastructure. CEO Jensen Huang emphasized the importance of AI in global markets. Nvidia anticipates $45 billion in revenue for the current quarter, while facing challenges from export controls. The company is also exploring new ventures in the Middle East. Teljes cikk (Euronews.com)