Nvidia, the world&rsquo;s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about $45 billion in the second fiscal quarter, which runs through July, the company said on Wednesday. That included the loss of roughly $8 billion in revenue from China because of export controls. The forecast was in line with analysts&rsquo; estimates, according to data compiled by Bloomberg.
Nvidia shares rose about 4% in extended trading following the announcement. The outlook shows that Nvidia is ramping up production of Blackwell, its latest semiconductor design. The chipmaker &mdash; now the world&rsquo;s largest by revenue &mdash; dominates the market for AI accelerators, the components that help develop and run artificial intelligence models. And an ever-broader lineup of hardware and software is letting Nvidia sell more products to customers.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:
<ul>
<li>Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Sing</li>
<li>Joe Kaiser, Managing Director at Mercato Partners</li>
</ul>
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Carol Massar

Tim Stenovec

Instant Reaction: Nvidia Gives Solid Forecast, Despite China Concerns

Nvidia, the world&rsquo;s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about $45 billion in the second fiscal quarter, which runs through July, the company said on Wednesday. That included the loss of roughly $8 billion in revenue from [&hellip;]