Nvidia Posts Strong Growth Despite Ongoing Tariff Challenges

LONDON, May 29 (Bernama-PA Media/dpa) -- AI chipmaker Nvidia has posted strong growth despite being caught in the fallout of Donald Trump's tariff war with China, German Press Agency (dpa) reported.

The company reported sales of US$44.1 billion for the first quarter, higher than the US$22.1 billion generated this time last year.

The United States (US) technology giant unveiled its financial results for the first three months of 2025 on Wednesday.

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Nvidia predicted its revenue for the May–July period would be about US$45 billion.

The forecast includes an estimated US$8 billion loss in sales to China due to export controls during its fiscal second quarter, after the restrictions cost it about US$2.5 billion in revenue during the first quarter.

As the second most valuable listed company in the world behind Microsoft, Nvidia is watched closely by global traders.

It was among the global technology firms to suffer sharp drops in their share prices following the president's ‘Liberation Day’ tariff announcements last month.

However, they have rallied since and most of the losses suffered on Wall Street in the wake of the announcements have been regained.

Nvidia said it has been informed by the US government that it needs a licence to export its H20 AI chip to China, including Hong Kong, for the "indefinite future."

Founder and chief executive officer Jensen Huang said global demand for Nvidia AI infrastructure remains "incredibly strong."

He recently blasted the country's wider export controls as a "failure," saying they had backfired against US companies by spurring on Chinese developers.

Huang has also sought to allay investor concerns about Chinese AI firm DeepSeek emerging earlier this year as a lower-cost rival to the US giant.

-- BERNAMA-dpa