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Nvidia's AI Sales Soar, China Challenges Persist

  • Writer: Sarah Ruivivar
    Sarah Ruivivar
  • 5 days ago
  • 2 min read
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Nvidia is riding the AI wave to record-breaking heights, reporting a jaw-dropping $46.7 billion in revenue for the latest quarter.


That's a whopping 56% increase from last year, thanks to the insatiable demand for AI-driven data centre solutions.


The star of the show? Nvidia's Blackwell chips, which alone raked in a cool $27 billion. CEO Jensen Huang is calling Blackwell the "AI platform the world has been waiting for," and it seems the world agrees. With AI infrastructure spending projected to hit trillions by the decade's end, Nvidia is positioned at the heart of this technological revolution.


But it's not all smooth sailing. Nvidia's journey in China is a bit like a rollercoaster ride with a few unexpected twists. The company reported no sales of its China-focused H20 chip within Chinese borders this quarter, thanks to a complex geopolitical landscape and some eyebrow-raising export tax arrangements. Despite the hurdles, Nvidia managed to sell $650 million worth of H20 chips outside China, but the uncertainty lingers.


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The Chinese government has thrown a wrench into the works by discouraging local businesses from using Nvidia chips, prompting a halt in H20 production. Nvidia's CFO, Colette Kress, highlighted the challenges posed by the lack of formal regulations around these export arrangements.


Looking ahead, Nvidia is forecasting a staggering $54 billion in revenue for the next quarter, excluding any potential H20 sales to China. As the AI boom continues, Nvidia's chips are the golden tickets, but navigating the global market remains a thrilling challenge. Stay tuned, because this AI race is far from over!


Want to hear more? Join Mal & Matt on the Property AI Report Podcast each week!

Access from your preferred podcast provider by clicking here



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