Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh U.S. curbs on China exports took effect, but the same restrictions will slice off $8 billion in sales from the company's current quarter,

The market also wanted to hear about how the US’s ban on most chip exports to China is impacting revenue. The hit to Nvidia’s revenue is huge: the company said that it will hurt revenue in the current quarter to the tune of more than $8bn,

Nvidia reported strong Q1 earnings with rising revenue and net income, but faces challenges from U.S. export restrictions on AI chips to China, that will impact future sales.

Nvidia's earnings beat sent the stock up nearly 5% after-hours, and news that a US court has moved to block reciprocal tariffs has lifted stocks still further

US stocks ended higher despite tariff uncertainty. An appeals court reinstated Trump's tariffs for now. Strong Nvidia results lent stocks support.