The next frontier has been discussed for artificial intelligence and computing in Money Host Charles Payne.
Tech giant nvidia On Wednesday, reported its first quarter earnings, defeating the expectations of analysts, although it estimated the second quarter sale below the estimates between tightening export controls to China, which covers some of its AI chips.
Nvidia, in a leader Artificial intelligence Space, after the announcement, increased the shares of 3% in the hour trading. The earnings report showed that the net income of the first quarter was 26% a year ago, about $ 19 billion, with revenue to $ 44 billion, which was 69% from last year.
The company’s revenue from data centers was $ 39 billion in the first quarter – 10% from the previous quarter and 73% from last year. NVIDIA is also building factories in the US and working with its partners to produce AI supercomputers in the US.
Nvidia CEO Jensen Huang said, “Our success is designed for logic to Blackwell NVL 72 AI Supercomputer-Ek ‘Thinking Machine’-which is now in full-scale production in system manufacturers and cloud service providers.”
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Nvidia CEO Jensen Huang said that the company is at the center of the “intensive change” operated by AI. (Akio Kon / Bloomberg Getty Images / Getty Images)
“Global demand for Nvidia’s AI Infrastructure is incredibly strong. The AI Infrasting token generation has increased ten times in just one year, and as the fact AI agent Be a mainstream, the demand for AI computing will accelerate, “he continued.
“Countries around the world are recognizing AI as an essential infrastructure – like electricity and internet – and Nvidia stands at the center of this intense change,” said Huang.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | Nvidia Corp. | 134.81 | -0.69 |
-0.51% |
NVIDIa’s earnings release said on 9 April, the company was informed by the US government that it would require a license to export H20 products for ChinaDue to which the company accused several billion dollars in the quarter.
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In recent years, the US has rapidly rigorned export control The most advanced AI chips to China, as a means of denying geopolitical access to state-of-the-art technology in a competitive sector of the economy.
Nvidia is headquartered at Santa Clara, California. (Photographer: Loren Elliott / Bloomberg Getty Embolce / Getty Image)
“As a result of these new requirements, NVIDIA charged $ 4.5 billion in the financial year associated with additional inventory and procurement obligations in the first quarter of FY 2026, as the demand for H20 decreased,” the company said.
“The sale of H20 products for the first quarter of FY 2026 before the new export licensing requirements was $ 4.6 billion. Nvidia was unable to ship $ 2.5 billion in addition to $ 2.5 billion in addition to H20 in the first quarter.”
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Nvidia said that it is expected to miss sales in the second quarter due to export restrictions.
Reuters contributed to this report.
