positive
Nvidia Sees Higher China Cloud Orders Despite Export Restrictions
Nvidia reported stronger-than-expected demand for its A800 and H20 GPU lineup from major Chinese cloud providers, partly offsetting the impact of US export restrictions on high-end AI chips. Quarterly revenue from the region reached approximately $4.1 billion, reflecting resilient enterprise orders for AI computing workloads. The company said demand remained firm across global hyperscalers, with AI server shipments growing at double-digit rates. Shares gained in pre-market trade following the update.
Companies:
- Nvidia
Tags:
- stocks
- technology
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
positive
Nvidia Sees Higher China Cloud Orders Despite Export Restrictions
Nvidia reported stronger-than-expected demand for its A800 and H20 GPU lineup from major Chinese cloud providers, partly offsetting the impact of US export restrictions on high-end AI chips. Quarterly revenue from the region reached approximately $4.1 billion, reflecting resilient enterprise orders for AI computing workloads. The company said demand remained firm across global hyperscalers, with AI server shipments growing at double-digit rates. Shares gained in pre-market trade following the update.
Companies:
- Nvidia
Tags:
- stocks
- technology
Reuters• By Pooja Kumari
Explore:High Return Equity Mutual Fund
1 min read
70 words
Nvidia posted $4.1 billion in quarterly China revenue from A800 and H20 GPU demand, partially offsetting export controls while global AI server shipments grew strongly.
Nvidia reported stronger-than-expected demand for its A800 and H20 GPU lineup from major Chinese cloud providers, partly offsetting the impact of US export restrictions on high-end AI chips. Quarterly revenue from the region reached approximately $4.1 billion, reflecting resilient enterprise orders for AI computing workloads. The company said demand remained firm across global hyperscalers, with AI server shipments growing at double-digit rates. Shares gained in pre-market trade following the update.
Nvidia reported stronger-than-expected demand for its A800 and H20 GPU lineup from major Chinese cloud providers, partly offsetting the impact of US export restrictions on high-end AI chips. Quarterly revenue from the region reached approximately $4.1 billion, reflecting resilient enterprise orders for AI computing workloads. The company said demand remained firm across global hyperscalers, with AI server shipments growing at double-digit rates. Shares gained in pre-market trade following the update.
Companies:
- Nvidia
Tags:
- stocks
- technology
- stocks
- technology
- ai hardware
- earnings