Wed, 28 May 2025

Wed, 28 May 2025 Nvidia revenues surge despite tariff uncertainty

AI chip demand lifted Nvidia's revenues and profits, despite restrictions on sales to China.

* Nvidia reported a 69% increase in chip sales from last year
* CEO Jensen Huang attributed the strong demand to global AI infrastructure needs
* Despite a previous drop in demand due to US-China trade tensions, Nvidia's sales exceeded initial forecasts
* The company incurred a $4.5bn charge related to export restrictions and tariffs
* Nvidia plans to increase manufacturing in the US to mitigate supply chain issues
* The company has benefited from new buyers among governments in Gulf states, including a deal with Saudi Arabia
* Sales in its data centre business grew 73% year-on-year
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