Nvidia, Trump and Elon Musk
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Earnings helped lift the chip maker’s shares 3.2% Thursday.
Investors are embracing a “keep calm and carry on” attitude as Nvidia shows a healthy business outside of China, with big growth opportunities ahead.
Read Investopedia's live updates on the AI chip giant's quarterly results, as well as the market reaction and comments from CEO Jensen Huang during the conference call with analysts.
Nvidia shares were rising early Thursday as investors put aside the hit to its China sales and concentrated on its booming revenue elsewhere. Nvidia was up 5.3% at $141.96 in premarket trading. If the move holds,
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Nvidia's results were much better than they might seem at first glance. Both the top and bottom lines were hurt by new U.S. government export controls on the company's H20 chip, which it had specifically designed for the Chinese market to comply with the government's second round of advanced AI chip export controls.
The semiconductor industry has faced a number of headwinds, from uncertainty around tariff policy in the U.S. and chip export restrictions to China.
FY 2026 earnings highlight AI-driven growth with 69% YoY sales increase in data centers. Click here to read why NVDA is a Strong Buy.
Nvidia has charged ahead in this AI boom thanks to its chip, which have become the most sought-after worldwide, and its entire range of AI products and services. All of this has helped supercharge revenue, lifting it to a record $130 billion in the latest fiscal year, and push the stock to gains of more than 800% over the past two years.