Nvidia reported a nearly 70 per cent surge in quarterly revenues, beating Wall Street estimates even as the chip company suffers a big hit to its business stemming from new US restrictions on its China sales.
Nvidia on Wednesday reported revenue of $44.1bn for the quarter to April 27, up 69 per cent year on year and above Wall Street’s expectations of $43.3bn.
The US chip designer at the heart of a global spending spree on the infrastructure powering artificial intelligence said it expected revenue of $45bn for the current quarter, plus or minus 2 per cent, meaning it could come in slightly below Bloomberg consensus estimates of $45.5bn.
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