(Reuters) – NVIDIA communicated results above expectations in the first quarter on Wednesday, but said it expected turnover for the current quarter lower than market expectations, citing the shortfall which stems from new American restrictions on exports to China.
The title of the semiconductor market leader still increased by 4% in the post-clouting stock exchange. It is relatively stable this year, after having experienced a dazzling progression in 2024 in a context of craze for artificial intelligence (IA).
Washington has long been carrying out efforts to prevent Beijing from accessing advanced American technologies. The US administration has decided on measures that have harmed Nvidia access to the Chinese market – one of the most important in the world in terms of semiconductors.
In April, Nvidia said he expected a $ 5.5 billion charge after the decision of the American president Donald Trump to impose new restrictions on H20 flea sales – the only type of semiconductor that Nvidia could legally export in China.
However, the group said on Wednesday that the burden borne in the first quarter was less important than expected due to its ability to reuse certain materials. For the current quarter, this amount should amount to $ 8 billion.
Nvidia said he had lost $ 2.5 billion in H20 flea sales due to restrictions on the United States. However, these sales brought in $ 4.6 billion over the period, he said.
China represented 12.5% ​​of the group’s income.
If the “Cloud” giants, such as Microsoft and Alphabet, intend to continue this year to spend billions of dollars to strengthen their IA infrastructure, investors’ concerns about these expenses persist, in particular in the context of moving global trade policies.
In the first quarter, Nvidia recorded an adjusted benefit of 81 cents per share. The consensus emerged at 93 cents per share, according to LSEG data; The analysts’ estimates varied greatly, Wall Street having attempted to assess the impact of new restrictions.
For the current quarter, NVIDIA anticipates a turnover of $ 45 billion, with a margin of error of 2% down or up, against a consensus of 45.90 billion according to LSEG data.
(Arsheeya Bajwa in Bangalore and Stephen Nellis in San Francisco; Jean Terzian)
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