Nvidia (NVDA) said Wednesday that the US government has not finalized a recent agreement that would require the AI chipmaker to share 15% of the revenue from sales of its H20 chips to China in exchange for export licenses. “[US government] officials have expressed an expectation that the USG will receive 15% of the revenue…
(Bloomberg/Carmen Reinicke) — Nvidia Corp.’s China sales have taken on new levels of complexity, and investors will be hoping for a clearer read when the chipmaker reports earnings Wednesday afternoon. The firm’s on-again, off-again sales in the word’s largest market for semiconductors have been a source of confusion for Wall Street. Third-quarter revenue projections for…
Nvidia (NVDA) stock slid more than 2% in after-hours trading after the company beat on earnings but missed on data center revenue for its second quarter, revenue forecast omits H20 shipments to China. The AI giant posted adjusted earnings of $1.05 per share versus expectations of $1.01. Data center revenue was $41.1 billion, slightly below…
Nvidia (NVDA) reported second quarter earnings after the bell on Wednesday that beat on the top and bottom lines, though its data center revenue came in just shy of analyst expectations, weighing on the stock in after-hours trading. The company reported Q2 data center revenue topped out at $41.1 billion. Analysts were expecting $41.3 billion,…
NVIDIA CEO believes US tech companies will survive tariffs In an interview with USA TODAY, Jensen Huang, CEO of the world’s most valuable company NVIDIA, discussed President Trump’s tariffs and manufacturing. Nvidia (NVDA) is slated to report its second-quarter earnings after the bell on Wednesday, Aug. 27, roughly two weeks after the company agreed to…
U.S. stocks ended higher on Tuesday as investors looked past President Donald Trump’s decision to fire Federal Reserve Governor Lisa Cook and waited for AI chipmaker NVIDIA to announce its quarterly results on Wednesday. All three major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) rose 0.3% or 135.60 points, to close…
Good morning. Your English teacher and your gym teacher are getting married, so I’m told. Yes, Taylor Swift and Travis Kelce announced their engagement yesterday with a carousel of photos. Both were clad in Ralph Lauren. You can see the NFL star pictured down on one knee and the pop singer’s diamond engagement ring (it’s…
I would keep an eye on PVH Corp. (PVH) this morning after a sizable earnings beat last night. The company also reiterated its full year earnings guidance, despite an expected $1.15 per share hit from tariffs. The clothing company seems to have struck a positive nerve with recent apparel collaborations for Calvin Klein (Bad Bunny…
(Reuters) -China’s chipmakers are seeking to triple the country’s output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday. Huawei aims to begin production at a plant dedicated to making AI chips by year end, with two more facilities set to launch in 2026, the newspaper…
By Arsheeya Bajwa (Reuters) – AI chipmaker Nvidia, the dominating force behind the rally in the S&P 500 index since 2023, is set to report second-quarter earnings on Wednesday after U.S. market close. Wall Street is holding its breath, and will scour the company’s commentary for signs of a slowdown. Here is what to watch…