Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103551
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.41%
Bitcoin Share
CoinTelegraph 2025-05-29 01:56:37

Nvidia posts mixed Q1, predicts $8B hit with US chip curbs

Nvidia posts mixed Q1, predicts $8B hit with US chip curbs

Chip-making giant Nvidia has posted mixed results in its first quarter earnings, beating Wall Street expectations on revenue but missing predictions on its income amid US restrictions on its exports to China. In earnings released May 28 for its first quarter of the 2026 fiscal year ended April 27, Nvidia reported revenues of $44.1 billion, up 12% from its previous quarter and 69% from a year ago and beating Zacks analyst estimates of $42.91 billion by nearly 2.7%. However, the chip maker posted an earnings per share of 81 cents, missing analyst estimates of 85 cents per share. Nvidia recorded a net income of $18.8 billion, up 26% compared to a year ago. In an earnings call, Nvidia founder and CEO Jensen Huang said that the “global demand for Nvidia’s AI infrastructure is incredibly strong” as countries start recognizing “AI as essential infrastructure — just like electricity and the internet.” Source: Nvidia “AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate,” he said. US export rules to deliver $8 billion hit Nvidia said the lower-than-expected income resulted from a $4.5 billion charge due to the US government’s restrictions on exporting its high-powered H20 artificial intelligence chips to China. In its outlook for its Q2 results, the company said it expects revenues around $45 billion, which “reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.” Nvidia will reportedly launch a new lower-cost AI chip specifically for China, with mass production expected to start in June. Nvidia’s data center revenue accounted for most of the firm’s total revenues, hitting $39.1 billion, up 10% from the previous quarter. Related: El Salvador works with Nvidia to develop sovereign AI infrastructure Shares in Nvidia Corp (NVDA) closed trading on May 28 down 0.51% at $134.81 but rallied 4.89% after the bell on its results to $141.40, according to Google Finance. Nvidia Corp shares jumped nearly 5% after trading following its financial results release. Source: Google Finance Huang has previously said his firm is focused on being at the forefront of agentic AI as the race around the tech heats up. Other US firms have also begun ramping up AI expansion . Microsoft said in September that it was establishing two AI centers in Abu Dhabi . At the same time, Bitcoin ( BTC ) mining companies have been diversifying their income streams to include AI , converting some of their crypto mining operations to help run compute-intensive large language models. Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is

Most Read News

Moralis Money
Market Cap
24h Vol
63.41%
Bitcoin Share
684
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.