NVIDIA’s quarterly revenues increase by almost 70 % on the mutation of artificial intelligence

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NVIDIA reported a 70 percent increase in quarterly revenue, as the boom continued to spend on artificial intelligence chips despite the export controls that led to Chip Company sales.

Nafidia On Wednesday, he reached revenues of $ 44.1 billion per quarter to April 27, an increase of 69 percent on an annual basis and above Wall Street, amounting to $ 43.3 billion.

But the United States chip The designer at the heart of a global spending outfit on the infrastructure that works on artificial intelligence said that it expects revenues of $ 45 billion for the current quarter, in addition to or minus 2 percent, which means that it may come slightly less than the estimates of the Bloomberg consensus amounting to 45.5 billion dollars.

The CEO of Nvidia Jensen Huang said the company was witnessing an “incredibly strong” request for its products.

The company is moving on the impact of US President Donald Trump’s war with China, as well as new export restrictions in April, which prevented it from selling artificial intelligence chips specifically designed for the China market. The group received a fee of $ 4.5 billion per quarter in April as a result of those restrictions, and said it had already missed an additional $ 2.5 billion. Its guidance for the current period reflects a $ 8 billion loss of revenue in lost sales to China.

NVIDIA shares increased by about 4 percent in the hours after trading hours immediately after the announcement.

Net income jumped by 26 percent to $ 18.8 billion, just less than $ 19.5 billion.

The modified total margins – a scale for profitability that excludes operating expenses and April 4.5 billion dollars – 71.3 percent, was in line with 71 percent. The company said was expecting in its last profit report in February and Wall Street was expected.

The total margin expectations of the company for the current quarter were slightly higher than 72 percent, compared to 71.7 percent expected by analysts.

NVIDIA’s margins declined earlier this year with the company’s martyrdom of the move to the most complex and higher Chip systems, which were launched last year. Nafidia and its suppliers recently solution Technical problems with Blackwell servers that threatened to delay the operation.

Before the results, analysts warned that new China sales restrictions will provide more margins than this quarter.

The company is considering how to redesign its chips to serve the Chinese market with compliance with the latest US export controls.