💹 Nvidia Q1 Earnings Hit Record 💰 | Despite Export Hurdles

Nvidia announced a 69% year-over-year increase in revenue for the first quarter, totaling $44.1 billion, surpassing Wall Street expectations. However, the company anticipates an $8 billion revenue impact in the next quarter due to U.S. export restrictions to China. Axios

Key Points:

• Strong Performance: Data center revenue reached $39.1 billion, a 73% increase from the previous year.

• Export Challenges: Restrictions on AI chip exports to China are expected to affect future revenues.

• Market Reaction: Despite challenges, Nvidia’s stock rose over 4% in after-hours trading.  NVIDIA Newsroom+2Axios+2NVIDIA Investor Relations+2

👉 Why this matters: Nvidia’s results underscore the growing demand for AI technologies and the complexities of international trade policies.

🔗 Read more on Nvidia’s official website

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