1 day ago
7
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.
The company continued to grow fast in its most recent quarter despite new rules restricting the sale of A.I chips to China.
May 28, 2025Updated 6:25 p.m. ET
Nvidia’s business prospects have been whipsawed by the U.S. government lately. Last month, the government blocked the sale of artificial intelligence chips to China. Weeks later, it approved the sale of similar chips to the Middle East.
Amid the turmoil, Nvidia still maintained its breakneck growth as the leading provider of the computer chips used for building artificial intelligence.
Nvidia said on Wednesday that sales in its most recent quarter rose 69 percent from a year earlier to $44.1 billion. Its net income rose 26 percent to $18.78 billion. The company exceeded Wall Street’s expectations for sales of $43.28 billion, but fell short of predictions for a profit of $19.49 billion.
Nvidia’s revenue and profit rose even though, it said on Wednesday, the Trump administration’s restrictions on chips to China will cost it $4.5 billion, a billion dollars less than it estimated in mid-April. The restrictions have pushed Nvidia out of the market for A.I. chips in China, the world’s largest buyer of semiconductors, which are used to power smartphones, cars and other electronics.
Nvidia also projected that revenue in the current quarter would rise 50 percent from a year ago to $45 billion, as it expands sales of its newest A.I. chip, Blackwell. The sales forecast is in line with Wall Street’s prediction of $45.75 billion, suggesting that the tech industry’s embrace of artificial intelligence is in its early stages, with ample room to run.
Shares in Nvidia rose more than 4 percent in after-hours trading. It finished the trading day as the second-most-valuable company in the world behind Microsoft and ahead of Apple, with a market value of $3.3 trillion.
