00:00Nvidia has reported another strong set of earnings, highlighting continued global demand for artificial intelligence chips,
00:07even as US-China tensions reshaped the market.
00:11The company posted $81.6 billion in revenue for the first quarter, up 20% from the previous quarter and
00:1985% higher year-on-year, setting a new record.
00:25Growth was driven mainly by data-centred demand as major technology firms continue to invest heavily in AI infrastructure and
00:33large-scale model training.
00:35But the results also underline Nvidia's shrinking exposure to China.
00:40The country once made up around a fifth of revenue, but that has fallen sharply to about 13% in
00:472024 and has continued to decline.
00:50Chief Executive Jensen Huang has said Nvidia has effectively lost its dominance in China's advanced chip market as US export
00:59restrictions block sales of its most powerful chips.
01:02Huang has also acknowledged that Nvidia has largely conceded the China market to domestic rival Huawei.
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