Giant chip production Nvidia posted mixed results in the first quarter income, defeating Wall Street expectations in revenue but missing its revenue predictions amid US restrictions on its exports to China.
In We are Released May 28 for its first quarter of 2026 years of fiscal ending on April 27, Nvidia reported revenues of $ 44.1 billion, up to 12% from the previous quarter and 69% from a year ago and beat the Zacks analyst Estimates of $ 42.91 billion of nearly 2.7%.
However, the chip manufacturer posted one income per part of 81 cents, missing analyst estimates of 85 cents per part. Nvidia recorded a net income of $ 18.8 billion, up to 26% compared to a year ago.
In a revenue call, Nvidia founder and CEO Jensen Huang said that the “global demand for Nvidia’s AI infrastructure is not strong -believed” as countries begin to recognize “AI as important infrastructure – such as electricity and internet.”
“The AI token generation has moved ten times in just one year, and as AI agents have become major, demand for AI computing will accelerate,” he said.
US export policies to deliver $ 8 billion hit
Nvidia said the lower-than-anticipated income results from a $ 4.5 billion charges due to US government restrictions In exporting high strength H20 artificial chips of intelligence in China.
In its view for its Q2 results, the company said the revenue is expected of around $ 45 billion, which “reflects the loss of H20 income of more than $ 8.0 billion due to recent control control limitations.”
Nvidia is reported Launch a new lower cost AI Chip Particularly for China, with mass production that is expected to begin in June.
NVIDIA’s data center revenue costs most of the company’s total income, hitting $ 39.1 billion, up to 10% from the previous quarter.
Related: El Salvador cooperates with Nvidia to produce AI’s Sovereign infrastructure
Shares to the Nvidia Corp (NVDA) closed the trade on May 28th down 0.51% to $ 134.81 but raw 4.89% after the bell in its results at $ 141.40, According to In Google Finance.
Huang had Previously said that his firm was engaged being ahead of Agentic Ai Like the breed around the tech eating.
Other US companies have also had Starts ramping up the expansion of AI. Microsoft said this September Establishment of two AI centers in Abu Dhabi.
At the same time, the bitcoin (Btc) Mining companies have Varying -their income streams to include AIConverting some of their Crypto mining operations To help run compute-intensive large language models.
Magazine: Move to Portugal to be a crypto digital nomad – everything else
