Nvidia revenues surge despite tariff uncertainty

Nvidia revenues surge despite tariff uncertainty Nvidia logo is seen in this illustration taken, January 27, 2025. Nvidia was the last major tech firm to report during a strong earnings season for tech companies whose shares have surged in recent weeks. The US company's sophisticated chips have played a central role in equipment made for artificial intelligence (AI) computing. "Global demand for Nvidia's AI infrastructure is incredibly strong," chief executive, Jensen Huang said in a press release, adding that he expected demand for AI computing to "accelerate". Nvidia reported a huge boost to revenues in the first quarter of the year, with sales of its chips rising more than 69% from a year ago. Nvidia said it had incurred a $4.5bn charge as a result. However, Nvidia's initial forecast for the impact on business was significantly higher - at $5.5bn. In April, Washington restricted the sale of Nvidia's China-specific "H20" chips, which led to a drop in demand. Tech stocks, incl ... Read full article.