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Category: CRYPTO NEWS
The post Nvidia sees $44.06 billion revenue in Q1 2025, up 72% as stock futures surge in reaction appeared on BitcoinEthereumNews.com. Nvidia reported a blowout first quarter on Wednesday, pulling in $44.06 billion in revenue—72% more than it made in the same period last year—according to data reported by LSEG. The number landed well above expectations and immediately pushed Nvidia’s stock up around 6% in after-hours trading. The company also beat on earnings, posting 96 cents per share, adjusted, compared to the 93 cents analysts expected. Despite new restrictions from Washington that blocked shipments of its H20 AI chips to China, Nvidia still delivered one of its strongest quarters ever. The company had been set to make nearly $8 billion more in revenue if not for the policy change. During the quarter, the US government informed the company that the H20 chip, which had previously been cleared, would now require an export license. That decision forced Nvidia to take a $4.5 billion hit from excess inventory and wiped out $2.5 billion in potential sales. China ban slams revenue, Jensen Huang says AI market is closed to US Chief Executive Officer Jensen Huang told investors during the earnings call that the new export controls effectively blocked US companies from competing in China’s massive AI chip market. “The H20 export ban ended our Hopper data center business in China,” Jensen said. He added that the $50 billion AI chip opportunity in China is now “effectively closed to US industry.” The company’s gross margin came in at 61%, but would have been 71.3% if not for the China-related losses. Still, Nvidia’s net income for the quarter climbed 26% to $18.8 billion, or 76 cents per share, compared to $14.9 billion or 60 cents per share a year ago. Revenue jumped from $26 billion a year earlier, driven largely by the company’s data center unit. That division, which includes the hardware powering AI tools like…
2025-05-29T02:44:13+00:00