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NVIDIA THRILLS WALL STREET WITH A WHOPPING 70% REVENUE SURGE!
CHIP GIANT DEFIES NEW RESTRICTIONS TO SHATTER EXPECTATIONS!
In a jaw-dropping twist, Nvidia has announced an ASTOUNDING revenue leap of nearly 70%, racking up a staggering $44.1 billion for the quarter ending April 27! This win comes despite the looming shadow of U.S. restrictions that are hammering its business dealings with China!
But hold on tight—this is just the tip of the iceberg! While Wall Street had predicted $43.3 billion, Nvidia smashed through the ceiling! Their bold predictions for the next quarter suggest another $45 billion could be on the horizon, but could they fall a smidgen short of Bloomberg’s $45.5 billion guess? Only time will tell!
NVIDIA’S STOCK SKYROCKETS AFTER THE NEWS!
Following this bombshell, Nvidia shares catapulted by 5% in after-hours trading. Chief Executive Jensen Huang is glowing with excitement: the demand for Nvidia’s products is nothing short of “INCREDIBLE!”
However, the path ahead is fraught with danger! The chip godfather is grappling with the fallout of Trump’s trade war and a recent crackdown on AI chip exports to China, which has already cost them a staggering $4.5 billion write-off. That’s right—Nvidia estimates it MISSED OUT on $2.5 billion in sales and faces an EYE-WATERING projected $8 billion revenue loss.
NET INCOME SOARS, BUT STILL JUST SHORT OF THE MARK!
Hold onto your hats! Net income soared by 26% to $18.8 billion, but analysts note it still fell shy of the expected $19.5 billion! Meanwhile, adjusted gross margins remained a solid 71.3%—exactly where Wall Street anticipated they’d be!
After earlier slumps due to the complexity of their new Blackwell chip systems, Nvidia has just solved some critical technical issues that threatened to stall their breakthrough.
China Restrictions CREATING CHAOS!
As a storm brews on the horizon, CFO Colette Kress confirmed Nvidia is pinning its hopes on navigating these rocky waters, managing to exceed previous forecasts despite a “challenging operating environment.” And in a wild twist, she’s pondering whether to develop a NEW AI chip to re-enter the Chinese market—or risk benefiting their local competitors instead.
Is the game set to change for Nvidia? Buckle up, because this thrilling ride is far from over!
photo credit: www.ft.com
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