Instant Reaction: Nvidia Gives Solid Forecast, Despite China Concerns

<p>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.</p> <p>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.<br /><br />For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:</p> <ul> <li>Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Sing</li> <li>Joe Kaiser, Managing Director at Mercato Partners</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>