Nvidia posted a 56% jump in quarterly revenue to $46.7 billion as insatiable demand for AI infrastructure from Big Tech continued to power sales, but shares slipped after hours on signs of turbulence in China and a slight miss in data-center expectations. The chip designer said hyperscaler spending has doubled to roughly $600 billion annually, with Meta and OpenAI among key buyers, and guided revenue to about $54 billion for the current quarter. The gains underscore Nvidia’s central role in the AI build-out—even as Washington’s shifting export controls cloud prospects in the world’s largest chip market. Nvidia hasn’t shipped any H20 chips to China despite some customers receiving licenses, and the U.S. expects a 15% take on revenue from licensed H20 sales. The company is pressing to sell its next-generation Blackwell chips into China, while analysts warn that U.S. restrictions are accelerating domestic rivals. Nvidia, which in July became the first $4 trillion company, remains heavily reliant on a handful of tech giants—an engine for growth, but also a concentration risk if AI spending cools.
Nvidia rides AI surge even as US‑China tensions weigh
- Trending
- Comments
- Latest
