NVIDIA, the world's most valuable company by market cap, recently delivered an unprecedented quarterly revenue of $81.6 billion, an 85% year-over-year surge, surpassing Wall Street expectations. However, investors' response fell short, consolidating around a "Zero-China" revenue position.
The firm released its quarterly results after its CEO, Jensen Huang, joined President Donald Trump and other tech executives in the US-China summit in May. The sale of NVIDIA chips to China, announced at the summit, was seen as a new possibility to open the local market and bring significant revenue, but so far it has faced some issues.