China, NVIDIA and Jensen Huang
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Nvidia CEO Jensen Huang had a lot to say about the China restrictions and praised President Donald Trump during the company's Q1 earnings call.
Discover how global demand drives 69% revenue growth for Nvidia Corporation despite paused China sales. Click for my post-Q1 earnings update of NVDA prospects.
Nvidia Corp. Chief Executive Officer Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies from that market, and their technology is becoming more powerful.
Despite Wall Street’s general approval of Nvidia’s results and outlook without China, Huang isn’t giving up on the region. The CEO issued a dire warning during the company’s earnings call, saying that whatever chip AI platform wins in China is positioned to lead globally.
Wedbush on NVDA: Nvidia and CEO Jensen Huang delivered a strong quarter with "robust numbers," Ives said in a new investor note. "With all the world and markets watching…the Godfather of AI Jensen and Nvidia delivered another robust quarter after the bell handily beating the Street yet again," Ives said.
Though he 'trusts' President Trump, Nvidia CEO Jensen Huang says banning sales of its H20 GPUs to China means that $50 billion market 'is effectively closed to US industry.'
Nvidia CEO Jensen Huang declared moves by the US to tighten restrictions on advanced technologies have forced Chinese tech companies to rapidly evolve.
Some of Nvidia’s earliest backers in Australia are planning to top up their holdings as soon as tonight following the chipmaker’s solid quarterly results.