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International Business Times
International Business Times
Business

AI Giant Nvidia Beats Earnings Expectations But Shares Fall

Nvidia Jensen Huang China Donald Trump United States
Nvidia chief executive Jensen Huang has stressed the importance of the China market for its AI chips (Credit: AFP)

AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company's stalled business in China.

The California-based firm posted profit of $26.4 billion on record revenue of $46.7 billion in the recently ended quarter, driven by intense demand for chips from major tech companies powering AI datacenter computing.

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