Nvidia Beats Q1 Forecast As AI Chip Rush Boosts Sales

Benzinga

Nvidia beat quarterly sales expectations due to pre-ban stockpiling of AI chips but warned that new U.S. export curbs will cut $8 billion from current-quarter sales, lowering its forecast. Shares rose 5% in extended trading after investors saw the expected second-quarter impact as less severe and welcomed strong demand for its new Blackwell chips. The stock remains flat in 2025 amid tightening trade restrictions and a maturing AI data center market. Nvidia touted strong global demand for its new Blackwell chips, including large-scale projects in the Middle East and Taiwan, and noted $4.6 billion in H20 sales last quarter.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02NVIDIA beat quarterly sales expectations due to pre-banned stockpiling of AI chips,

00:07but warned that the new U.S. export curbs will cut $8 billion from current quarter sales,

00:12lowering its forecast. Shares rose 5% in extended trading after investors saw the expected

00:16second quarter impact as less severe and welcomed strong demand for its new Blackwell chips.

00:21Stock remains flat in 2025 amid tightening trade restrictions and a maturing AI data center market.

00:27NVIDIA touted strong global demand for its new Blackwell chips, including large-scale

00:31projects in the Middle East and Taiwan, and earned $4.6 billion in H2O sales last quarter.

00:37For all things money, visit Benzinga.com slash GSTV.

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