00:00Despite market challenges, like tariffs and limits on what it can sell to China,
00:05chip powerhouse NVIDIA is proving resilient, at least for now.
00:10NVIDIA's revenue the first three months of this year told $44 billion.
00:14That's a 12 percent increase from last quarter and a nearly 70 percent jump from a year ago.
00:20There's still plenty of demand in developed markets and elsewhere,
00:23so NVIDIA is still in a tremendously strong position in AI and the markets it's allowed to serve.
00:29Still, NVIDIA says it anticipates an $8 billion hit to sales,
00:34a result of restrictions imposed by the White House in April on selling AI chips designed for the Chinese market.
00:40U.S. companies that make software used to design chips are also contending with new rules.
00:46The White House has told them to stop selling their software to Chinese firms, according to the Financial Times.
00:52Since U.S. President Trump took office, NVIDIA has had to make a strategic shift to avoid financial losses.
00:59Its CEO, Yensen Huang, says the company is considering offering modified AI chips to China to circumvent current restrictions.
01:07It's also exploring business deals in Saudi Arabia, the UAE and Taiwan.
01:13Thanks to PSE to the U.S. President Trump.
01:14The U.S. President Trump has also established historical assessments and has suspended expenses.
01:17In the U.S. President Trump has been offered for over $9 billion,
01:20and its has been purchased by the U.S. President Trump's
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