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403 Nvidia shares rise after beating sales estimates, flags $8 billion export hit due to US curbs on China

Firstpost Tech
Firstpost @ Firstpost Tech 1 place · 05/29/2025 01:36 EDT

Nvidia shares rise after beating sales estimates, flags $8 billion export hit due to US curbs on China

Nvidia posted strong quarterly sales as customers rushed to buy its AI chips ahead of new U.S. export restrictions to China. However, those same curbs are expected to cost the company $8 billion in the current quarter, leading to a weaker-than-expected forecast.

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