This article is from the source 'bbc' and was first published or seen on . The next check for changes will be

You can find the current article at its original source at https://www.bbc.com/news/articles/c1j59dry4dpo

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
Nvidia weathers tariff uncertainty as revenues surge Nvidia weathers tariff uncertainty to see surge in revenues
(about 2 hours later)
Nvidia logo is seen in this illustration taken, January 27, 2025.Nvidia logo is seen in this illustration taken, January 27, 2025.
Chip designer Nvidia reported that revenues grew in the first quarter of the year, rising more than 69% from a year ago. Profits also rose. Nvidia reported a huge boost to revenues in the first quarter of the year, with sales of its chips rising more than 69% from a year ago.
"Global demand for NVIDIA's AI infrastructure is incredibly strong," chief executive, Jensen Huang said in a press release on Wednesday, adding that he expects demand for AI computing to "accelerate". "Global demand for Nvidia's AI infrastructure is incredibly strong," chief executive, Jensen Huang said in a press release, adding that he expected demand for AI computing to "accelerate".
The US company's sophisticated chips have played a central role in equipment made for artificial intelligence (AI) computing.The US company's sophisticated chips have played a central role in equipment made for artificial intelligence (AI) computing.
Nvidia was the last major tech firm to report during a strong earnings season for tech companies whose shares have surged in recent weeks.Nvidia was the last major tech firm to report during a strong earnings season for tech companies whose shares have surged in recent weeks.
Tech stocks, including Nvidia, had previously plummeted in April amid uncertainty over US President Trump's tariff policies.Tech stocks, including Nvidia, had previously plummeted in April amid uncertainty over US President Trump's tariff policies.
On Wednesday, Nvidia said it had incurred a $4.5bn charge during the quarter as demand for its China-specific "H20" products waned. In April, Washington restricted the sale of Nvidia's China-specific "H20" chips, which led to a drop in demand.
Nvidia's initial forecast for that charge was significantly higher - at $5.5bn - a month ago. Nvidia said it had incurred a $4.5bn charge as a result. However, Nvidia's initial forecast for the impact on business was significantly higher - at $5.5bn.
Washington restricted the sale of those chips, which are difficult to sell outside of China, in April. US plans
Changes in global trade policies loomed large in the company's forecast. Changes in global trade policies also loomed large in the company's forecast.
New export controls and tariffs have increased the complexity and cost of its supply chain, and may continue to do so, the company said.New export controls and tariffs have increased the complexity and cost of its supply chain, and may continue to do so, the company said.
Nvidia said it planned to increase manufacturing in the United States to strengthen the company's supply chain. Nvidia said it planned to increase manufacturing in the United States to help tackle the issue.
Last week, Mr Huang criticised the US rules blocking exports of advanced computing chips to China.Last week, Mr Huang criticised the US rules blocking exports of advanced computing chips to China.
The controls were put in place following concerns that chip technology with potential military uses could be deployed by companies loyal to China's communist party.The controls were put in place following concerns that chip technology with potential military uses could be deployed by companies loyal to China's communist party.
Mr Huang blasted the policies as a "failure" and said they were backfiring against American companies.Mr Huang blasted the policies as a "failure" and said they were backfiring against American companies.
Meanwhile, the Financial Times reported Wednesday that President Trump was ordering US chip software suppliers to stop selling their products to Chinese chip companies.Meanwhile, the Financial Times reported Wednesday that President Trump was ordering US chip software suppliers to stop selling their products to Chinese chip companies.
The move is intended to make it more difficult for China to develop its own advanced chips that would compete with Nvidia's. The move is intended to make it more difficult for China to develop its own advanced chips that would compete with Nvidia's, the paper said.
"The China export restrictions underscore the immediate pressure from geopolitical headwinds," according to Emarketer analyst Jacob Bourne."The China export restrictions underscore the immediate pressure from geopolitical headwinds," according to Emarketer analyst Jacob Bourne.
Sustaining dominance would require Nvidia to navigate "an increasingly complex landscape of geopolitical, competitive, and economic challenges," Bourne added. Sustaining its dominant position would require Nvidia to navigate "an increasingly complex landscape of geopolitical, competitive, and economic challenges," he added.
At the same time, Nvidia has benefitted from the emergence of new buyers among governments in the Gulf states.At the same time, Nvidia has benefitted from the emergence of new buyers among governments in the Gulf states.
Earlier this month, Mr Huang travelled with President Trump to the Middle East where the company said it would sell hundreds of thousands of its AI chips in Saudi Arabia.Earlier this month, Mr Huang travelled with President Trump to the Middle East where the company said it would sell hundreds of thousands of its AI chips in Saudi Arabia.
"Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation," Mr Huang wrote after the earnings announcement. "Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation," Mr Huang wrote after the earnings announcement.
Sales in Nvidia's key data centre business grew 73% on an annual basis.Sales in Nvidia's key data centre business grew 73% on an annual basis.
Sign up for our Tech Decoded newsletter to follow the world's top tech stories and trends. Outside the UK? Sign up here.Sign up for our Tech Decoded newsletter to follow the world's top tech stories and trends. Outside the UK? Sign up here.