Nvidia has not generated any revenue from H200 chip sales to China and remains uncertain whether the product will be allowed into the country, the US chip giant said on Wednesday, underscoring how geopolitics continues to cloud its access to one of the world’s largest AI markets even as global demand for its data centre processors surged to a record high. While Washington has approved licences for...
Nvidia has not generated any revenue from H200 chip sales to China and remains uncertain whether the product will be allowed into the country, the US chip giant said on Wednesday, underscoring how geopolitics continues to cloud its access to one of the world’s largest AI markets even as global demand for its data centre processors surged to a record high. While Washington has approved licences for H200 shipments to China-based customers, Colette Kress, Nvidia’s executive vice-president and chief financial officer, said on a post-earnings call it had “yet to generate any revenue, and we are uncertain whether any imports will be allowed into the country”. Consistent with the previous quarter, Nvidia did not include any China data centre compute revenue in its outlook for the current quarter. Advertisement The comments came after Nvidia CEO Jensen Huang joined US President Donald Trump on a recent visit to China. Trump later said that Beijing had not approved purchases of the H200, despite US clearance. That highlights the increasingly complex position facing Nvidia, which remains the world’s dominant supplier of advanced artificial intelligence chips but has been caught between United States’ export controls and China’s push to strengthen domestic semiconductor alternatives. Advertisement Nvidia’s financial performance nevertheless beat expectations. The Santa Clara-based company reported revenue of US$81.6 billion for the quarter ended April 26, up 85 per cent from a year earlier and a 20 per cent increase from the previous quarter.
Major U.S. indices closed Wednesday higher, with the Dow Jones Industrial Average gaining 1.3% to 50,009.35, the S&P 500 climbing 1.08% to 7,432.97 and the Nasdaq advancing 1.55% to 26,270.35. These are the top stocks that gained the attention of retail traders and investors through the day: Nvidia Corporation (NASDAQ:NVDA) Nvidia’s stock increased by 1.30%, closing at $223.47. The stock reached a...
Major U.S. indices closed Wednesday higher, with the Dow Jones Industrial Average gaining 1.3% to 50,009.35, the S&P 500 climbing 1.08% to 7,432.97 and the Nasdaq advancing 1.55% to 26,270.35. These are the top stocks that gained the attention of retail traders and investors through the day: Nvidia Corporation (NASDAQ:NVDA) Nvidia’s stock increased by 1.30%, closing at $223.47. The stock reached an intraday high of $226.13 and a low of $220.50. Its 52-week range is $129.17 to $236.54. The shares slipped 1.26% to $220.66 in the after-hours session. Nvidia reported first-quarter revenue of $81.62 billion and earnings of $1.87 per share, both above analyst expectations. Revenue increased 85% year-over-year, driven by continued strength in AI infrastructure demand, with Data Center revenue rising 92% to $75.2 billion and Edge Computing revenue increasing 29% to $6.4 billion. Intuit’s shares fell 3.95%, closing at $383.93. The stock fluctuated between $390.50 and $374.91 during the day, with a 52-week range of $342.10 to $813.48. The stock fell sharply by 13.43% to $332.38 in extended trading. Intuit reported third-quarter fiscal 2026 revenue of $8.56 billion and adjusted earnings of $12.80 per share, both slightly above analyst expectations. Revenue increased 10% year-over-year, led by 15% growth in Global Business Solutions and 19% growth in the Online Ecosystem segment. The company raised its full-year outlook, projecting revenue of $21.34 billion to $21.37 billion and adjusted earnings of $23.80 to $23.85 per share. Intuit also announced plans to reduce its workforce by 17% as part of an organizational restructuring expected to result in charges of $300 million to $340 million. Applied Digital Corp (NASDAQ:APLD) Applied Digital’s stock surged 7.92%, ending the day at $39.52. It reached a high of $39.58 and a low of $36.35, with a 52-week range of $6.53 to $47.79. The stock gained 7.67% to $42.55 in the after-hours session. The company announced a long-term lease agre...
Few moments at the Bar are more joyful and surreal than watching one’s former pupil take silk: pride, disbelief and the sudden realisation that someone you still instinctively think of as “junior” is now being bestowed with unmistakable senior seriousness. Last Saturday was, therefore, a sentimental moment for me as I watched my former pupil, Bonnie Cheng, being honoured with the new status at the...
Few moments at the Bar are more joyful and surreal than watching one’s former pupil take silk: pride, disbelief and the sudden realisation that someone you still instinctively think of as “junior” is now being bestowed with unmistakable senior seriousness. Last Saturday was, therefore, a sentimental moment for me as I watched my former pupil, Bonnie Cheng, being honoured with the new status at the ceremony. As the old saying goes, every barrister wants to take silk – until one does. The great comfort of being a junior is that, whenever confronted with a truly horrifying point of law, one can always telephone one’s leader. Advertisement When I took silk in 2015, I discovered the difficulty with “promotion”: there is suddenly nobody left to call. The rank is therefore not so much a reward as a transfer of responsibility. One is no longer expected merely to argue cases well, but to lead – not only in advocacy, but in judgment, temperament and service to the profession. Along with the flattering titles comes a much heavier sense of duty. That, historically, is exactly what silk was meant to signify. Advertisement The rank emerged in Tudor England as “His or Her Majesty’s Counsel learned in the law” – royal advisers specially entrusted by the Crown to counsel on the interests of the realm. They were not simply successful lawyers or shrewd financial advisers, but people in whom institutional confidence had been placed.