Huang Set to Deliver More Updates Next Month

Huang said investors will get the chance to hear from him at GTC Paris on June 10-12, where he will deliver a keynote discussing quantum GPU computing, robotics, and Nvidia’s AI partnerships.

Nvidia's annual shareholder meeting is scheduled for June 25.

The Godfather of AI Delivers Again

“With all the world and markets watching....the Godfather of AI Jensen and Nvidia delivered another robust quarter handily beating the Street yet again," Wedbush analyst Dan Ives said in a post on X.

Citing the company’s revenue and guidance, Ives said the report was “Bullish for teღch.”

Nvidia shares w🉐ere up 4.5% in recent aꦏfter-hours trading.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Huang Says Nvidia Shares Trump’s Vision to Boost American Manufacturing

“President Trump has outlined a bold vision to reshore advanced manufacturing, create jobs, and strengthen national security,” Huang said during the conference call, adding that “we share this vision."

The CEO pointed to TSMC’s (TSM) plans to build six fabs and two advanced packaging plants in Arizona to make chips for Nvidia, along with a 澳洲幸运5官方开奖结果体彩网:par😼tnership with Foxconn anܫd Wistron for a factory in Texas to build 🍌AI superc🐓omputers.

“To encourage and support these investments, we've made substantial, long term purchase commitments, a deep investment in America's AI manufacturing future,” Huang said.

"The U.S. will always be Nvidia's largest market and home to the largest installed base of our infrastructure."

Huang also said "it's terrific" Trump rescinded the Biden-era AI diffusion rules that were set to take effect earlier this month.

However, the Trump administration has said it’s looking to replace the rules, and analysts 澳洲幸运5官方开奖结果体彩网:have warned new ones could be stricter than Biden's.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Huang Says Government's Policy Assumptions on AI Chips Are ‘Clearly Wrong’

“The platform that wins China is positioned to lead globally,” CEO Jensen Huang sai𒁏d during the company’s earnings call, criticizin༺g new curbs on the company’s chip sales to China.

“Export restrictions have spurred China's innovation and scale,” Huang said, adding that policy assumptions that China cannot make AI chips and aimed at limiting China’s access to American technology are “clearly wrong.”

“The question is not whether China will have AI—it already does,” he said. “The question is whether one of the world's largest AI markets will run on American platforms. Shielding Chinese chipmakers from U.S. competition only strengthens them abroad and weakens America's position,” he said.

The statement echoes comments at an industry event last week, where CEO Jensen Huang reportedly called Washington’s export curbs on the sale of AI chips to China a 澳洲幸运5官方开奖结果体彩网:“failure” that could drive Chinese competitors to speed up developing their own product♓s.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

CFO Says Export Restrictions Benefit Chinese Competitors

On the company's earnings call, Nvidia CFO Colette Kress said current export controls are preventing Nvidia from accessing a China AI accelerator market that it expects to grow to nearly $50 billion.

The restrictions "would have a material adverse impact on our business going forward, and benefit our foreign competitors in China and worldwide," Kress said.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Stock Trading at Highest Level Since February

Nvidia’s shares, which closed Wednesday’s regular session jღust below $135, were recently up about 5%, at above $141, in extended trading.

The last time the stock changed hands above $140 during regular tradi📖ng was in Febrไuary; it hasn’t closed above that price since Feb. 20.

If Nvidia sustains these gains, it would likely surpass Microsoft tomorrow morning as the world's largest company by market capitalization.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

A $4.5 Billion Hit Related to Export Curbs

Nvidia took a $4.5 billion charge in the fiscal first quarter associated with export curbs on sales of its H20 produc🐠ts to China, the company said.

That charg🍎e was less than the company anticipated as the company was able to reuse some materials, Nvidia said in published comments.

The export curbs meant Nvidia, which sold $4.6 billion in H20 products in the first quarter, missed out o🌞n another $2.5 billion in H20 sales in the quarter,🉐 the company’s press release said.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

CEO Huang Says Demand 'Incredibly Strong'

Demand for Nvidia’s AI systems is ⛎strong and will continue to grow, CEO Jensen Huang said in a press release.

“Global demand for NVIDIA’s AI infrastructure is incredibly strong,” he said. “AI inference token generation has surged tenfold in just one year, and as AI agen🐓ts become mainstream, the demand for AI computing will accelerate.”

Huang in the release said the company’s Blackwell NVL72 AI supercomputer is “in full-scale production ac🌠ross system makers and cloud service providers.”

Nvidia share🌟s were up more than 5% in recent after-hours trading.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Nvidia Projects Fiscal Q2 Revenue of $45 Billion

Nvidia told investors to expect fiscal second-quarter revenue of $45 billion, plus or minus 2%, re🍃flecting a roughly $8 billion hit due to H20 export limitations.

Wall Street is looking for $45.75 billion, according to Visible Alpha.The company in its press release said it expects both GAAP and non-GAAP gross margins to come in aꦓround 72% in the second quarter, with Nvidia “continuing to work toward achieving gross margins in the mid-70% range late this year.”

Nvidia shares were recentl🌱y up more than 4% in extende♊d trading.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Data Center Sales Surge to Quarterly Record Amid AI Boom

Nvidia’s data center sales hitꦑ a quarterly record of $39.1 billion in the first quarter, up 73% f🅘rom a year ago, as Big Tech firms work to raise their AI capacity.

In recent earnings calls, several of Nvidia’s Big Tech clients, including Microsoft (MSFT), Meta (META), Amazon (AMZN) and Google parent Alphabet (GOOGL), stood by the♋ir plans to spend on AI infrastruc♛ture this year.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Sales Top Estimates But Earnings Hit by Export Curbs

Nvidia reported fis▨cal first-quarter sales that topped analysts’ expectations, but earnings missed as the chipmaker took a hi🅺t from new export curbs.

The chipmaker reported adjusted earnings of 81 cents per share on revenue that jumped 69% to a record $44.06 billion. Sales exceeded analysts' estimates compiled byVisible Alpha, but earnings did not.

Nvidia said that without the charge tied to limits on sales of its H20 chip t♐o China, it would have🍸 reported EPS of 96 cents, above estimates.

Nvidia shares were up more than 3% in recent after-hours trad𝓡iﷺng.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Stocks That Could Post Big Moves After Nvidia Earnings

Nvidia earnings are a blockbuster, market-moving event for Wall Street. Investors parse the results for any sign tha💃t AI demand or investment is waning, making the report a catalyst for AI infr꧙astructure stocks. 

Most of these AI stocks are currently trading at or above their price heading into Nvidia's last earnings report at the end of February. Those results weighed heavily on the majority of AI beneficiaries. Shares of server maker Super Micro Computer (SMCI) and nuclear energy provider Vistra (VST) outpaced Nvidia’s (NVDA) 8.5% decline the day after its last report, tumbling 16% and 12%, respectively. Constellation Energy (CEG), als🧜o 🌞a nuclear power provider, slumped about 7.5%. 

Nvidia’s position as the world’s largest semiconductor company has made it something of a bellwether for the entire industry. The PHLX Semiconductor Index (SOX) tumbled more than 6% after Nvidia’s last report, its biggest decline since January’s DeepSeek panic caused the index to nosedive. Major Nvidia competitors Broadcom (AVGO) and Advanced Micro Devices (AMD) tumbled 7% and 5%, respectively. Chip fabrication services provider Lam Research (LRCX) and memory chip maker Micron (MU) also closed sharply lower. 

The companies that supply data centers with essential networking equipment also tend to move on AI demand signals parsed from Nvidia’s earnings. Shares of 澳洲幸运5官方开奖结果体彩网:Arista Networks (ANET) slid 5% following Nvidia’s February report, while fiber optic technology provider Corning (GLW) shed 2% and network provider 澳洲幸运5官方开奖结果体彩网:Lumen Technologies (LUMN) dropped 4%. 

Granted, stocks within the AI ecosystem don’t always move in tandem. Nvidia shares soared mꦫore than 9% on its earnings report one year ago, but the boost its results lent to other AI infrastructure stocks fizzled out before the day’s end. Supermicro shares rose as much as 11% that day before sliding to close 3% lower. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

How Much Traders Expect Nvidia Shares to Move After Earnings

Nvidia stoꦇck is expected to move about 6% in either direction by the end of the week, according to an analysis of options pricing data.

Nvidia shares have risen about 25% in the past month, putting the stock up about 2% since the start of the year. Technical analysis suggests bullish momentum is on Nvidia's side heading into Wednes♌day's report.

It’s been a year since Nvidia shares rose on a quarterly report. The stock popped more than 9% in May 2024 after the company 澳洲幸运5官方开奖结果体彩网:blew past earnings expectations  and announced the 10-for-1 stock split that paved the way for it to join&n𓆉bsp;the blue-chip Dow Jones Industrial Averag♍e. 

Nvidia’s earnings have continued to top estimates since then, but they’ve failed to impress investors. Shares fell after each of Nvidia’s three most recent reports, including nearly 9% in February despite the results 澳洲幸运5官方开奖结果体彩网:containing ample evidence that demand for i🌳ts AI-enabling chips remained as strong as🧔 ever. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

What Analysts Expect from Nvidia Earnings

Analysts on average expect Nvidia to report quarterly revenue of $43.28 billion, 66% higher year-over-year, and adj🐓usted net income of $21.13 billion, or 86 cents per s🐭hare, up from $15.24 billion, or 61 cents per share, a year earlier.

Wedbush analysts said the chipmaker will continue to be a beneficiary of 澳洲幸运5官方开奖结果体彩网:huge investments in AI infrastructure from hyperscalers like Meta (META), Google parent Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), and 澳洲幸运5官方开奖结果体彩网:Microsoft (MSFT). Spen🎶ding on AI “in particular ends up flowing to [Nvidia] which supplies a disproportionate amount of the AI server value,” the analysts said. 

Analysts may ask CEO Jensen Huang about sales to China after the Trump administration earlier this year imposed tighter export controls. Nvidia has warned of a 澳洲幸运5官方开奖结果体彩网:$5.5 billion charge due to restrictions on its H20 chip, and Huang reportedly called the export curbs a policy 澳洲幸运5官方开奖结果体彩网:“failure” that is d🐻riving China to acc♐elerate development of its own AI chips. 

Oppenheimer analysts expect the impact of the restrictions to be relatively modest. “We seeꦏ upside … despite the loss of H20 sales to China,” the analysts said, noting that the country now makes up just 5% of Nvidia’s total sales.

Both Wedbush and Oppenheimer have “outperform” ratings for Nvidia stock, along with price targets of $175. Of the 18 analysts tracked by Visible Alpha, 16 have a “buy” or equivalent rating for Nvidia stock, alongside two “hold” ratings. Their consensus price target is near $164 would suggest about a 20% upside from Nvidia's current share price.

Nvidia shares were up near🎶ly 🐻1% recently, trading just below their highs for the session.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel