US EditionNvidia revenue jumped 56 percent last year, beats Wall Street expectations
- Nvidia CEO Jensen Huang announced that the company is collaborating with the Trump administration on a new chip for China, potentially worth $50 billion.
- Restrictions from President Joe Biden's administration impede Nvidia's sales, costing them an estimated $8 billion in potential revenue from May to July.
- Nvidia and AMD agreed to share 15% of their revenues from China chip sales with the U.S. government to secure export licenses.
- Huang stated that he is discussing concerns with Beijing regarding the security of Nvidia's chips, asserting that they have no security backdoors.
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US shares edge up as Nvidia profit meets expectations
US shares traded modestly higher ahead of Nvidia's profit results, but the chipmaker slipped in after-hours trade despite meeting expectations. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Australia
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Nvidia, the world’s largest company for stock capitalization (its shares in the Nasdaq closed tonight with a value of more than 4.4 trillion, 1.1 billion more than just three months ago) resists all setbacks. Neither the alleged puncture of the bubble created around artificial intelligence, nor Trump’s (later withdrawn) ban on selling his AI chips in China (so he had to provide 5.
·Spain
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Total News Sources80
Leaning Left14Leaning Right6Center26Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 30%
C 57%
13%
Factuality
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