Nvidia is growing rapidly: Despite export hurdles to China!
Nvidia is growing rapidly: Despite export hurdles to China!
China - In the past quarter, Nvidia recorded an impressive increase in sales of 69 percent compared to the previous year, which was around $ 44.1 billion (38.8 billion euros). This leap clearly exceeded the expectations of Wall Street, as the FAZ. Compared to the previous quarter, sales rose by 12 percent. Despite these positive figures, Nvidia is faced with considerable challenges, in particular through export restrictions by the US government for the sale of chips to China.
nvidia estimates that revenues of around $ 8 billion will be avoided in the current quarter. These hurdles affect the business in China, where the company can only deliver more slowly functioning chips (H20). Since mid -April, these chips have also been subject to strict export restrictions. Nvidia boss Jensen Huang has sharply criticized the effects of the restrictions and pointed out that the federal government promotes the creation of local competitors in China. Huang estimates that the total damage from the export restrictions could be up to $ 15 billion.
sales and profit in the focus
For the current quarter, Nvidia predicts sales of $ 45 billion. Although the numbers develop positively, a depreciation of $ 4.5 billion was a billion in the last quarter, which was one billion less than initially expected. The profit rose by more than 25 percent to almost $ 18.8 billion in the year. These developments show that the company is able to generate significant yields despite the problems that have arisen, as well as the SPIEGEL determined.
in the post -excessive trade, the Nvidia share climbed by over 4 percent. This indicates that investors positively assess the growth of the company and its adaptability to the existing challenges. Despite the difficulties that the trade restrictions bring with it, Nvidia remains a central player in the technology market.
export restrictions and their consequences
The export hurdles introduced by President Joe Biden are directly related to national security and the aim of controlling access to advanced technology systems in strategically important areas. The DetailsOrt China Quellen