If not for a $4.5 billion charge that Nvidia absorbed to account for the U.S. government’s restrictions on its chip sales to China, Nvidia would have made 96 cents per share, far above the 73 cents per share envisioned by analysts. The forecast includes an estimated $8 billion loss in sales to China due to the export controls during its fiscal second quarter, after the restrictions cost it about $2.5 billion in revenue during the first quarter. Trump also extended a helping hand to Nvidia of by rescinding the scheduled start export controls that had been drawn up under President Joe Biden’s administration that would have broadened the restrictions on chips sales in foreign markets beyond the limits already in place on deals with China and Russia.
Author: Associated Press
Published at: 2025-05-28 21:14:52
Still want to read the full version? Full article
