🔴 Nvidia CEO Jensen Huang said Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”
👉 Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap. “We are very close,” he said. “Remember this is a long-term, infinite race.” 👉 The Trump administration this month restricted the shipment of Nvidia’s H20 chips to China without a license. That technology, which is related to the Hopper chips used in the rest of the world, was developed to comply with previous U.S. export restrictions. Nvidia said it would take a $5.5 billion hit on the restriction. 👉 Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip of its own for Chinese customers. “They’re incredible in computing and network technology, all these essential capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”
China’s Huawei Technologies is preparing to test its newest and most powerful artificial intelligence (AI) processor
it hopes to replace some higher-end products of US chip giant Nvidia, the Wall Street Journal has reported. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, the United States newspaper reported Sunday, citing people familiar with the matter. This was part of our "10 surprises 2025": SURPRISE #6 FROM MAG7 TO LAG7 https://lnkd.in/eKXRsc58
Nvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations
The stock slid almost 5% in extended trading. ➡️ Biden placed these original restrictions on Nvidia, to not allow China to get their hands on the latest generation chips. Nvidia spent billions on new less powerful chips that met the U.S. original criteria so it could still sell to China. And now Trump has ruled those same chips as illegal to be sold to China. For businesses, it is very difficult to operate with this level of policy volatility... Source: Bloomberg, Spencer Hakimian @SpencerHakimian
NVIDIA TO MANUFACTURE AMERICAN-MADE AI SUPERCOMPUTERS IN US FOR FIRST TIME:
RTRS NVDA PLANS TO PRODUCE UP TO $500BN INFRASTRUCTURE IN THE US US VIA PARTNERSHIPS WITH TSMC, FOXCONN Source: zerohedge Image by created with DALL·E
Nvidia $NVDA generated $3.6M in revenue and nearly $2M in net income per employee last year—more than any Big Tech company.
Source: Wall St Engine @wallstengine, Sherwood
NVIDIA $NVDA
Buys 88.2% 67 Holds 11.8% 9 Sells 0.00% 0 Street's 12M Tgt Px: $175.93 Last Price: $120.15 Source: Lawrence Mc Donald, Bloomberg
If you had invested $10,000 into Nvidia $NVDA stock when it went public in 1999 and held to today you'd currently have $52.6 Million
source : evan
➡️ Nvidia sales grow 78% on AI demand, company gives strong guidance
🔴 Nvidia reported fourth-quarter earnings after the bell on Wednesday that beat Wall Street expectations. 🔴The company’s revenue in the quarter rose 78%, and full fiscal-year revenue for Nvidia rose 114% to $130.5 billion. 🔴 Nvidia reported a 73% gross margin in the quarter, which was down three points on an annual basis. The company said the decline in gross margin was due to newer data center products that were more complicated and expensive. 🔴Nvidia said it expected about $43 billion in first-quarter revenue, plus or minus 2%, versus $41.78 billion expected per LSEG estimates. The first-quarter forecast implies year-to-year growth of about 65% from a year earlier, a slowdown from 262% annual growth in the same period a year prior. 👉 The stock was mixed after-hours $NVDA NVIDIA Q4 FY25 (January quarter). • Revenue +12% Q/Q to $39.3B ($1.2B beat). • Gross margin 73% (-2pp Q/Q). • Operating margin 61% (-1pp Q/Q). • Non-GAAP EPS $0.89 ($0.04 beat). Q1 FY26 guidance: • Revenue $43.0B ($1.0B beat). Source: CNBC, App Insights
