Nvidia CEO forecasts $54 billion revenue while excluding China sales - here's why
Key Points
- Nvidia projected $54 billion in Q3 revenue, excluding Chines...
Nvidia just delivered its August earnings report, and the results read like a tech thriller with a geopolitical subplot. The chip giant projected $54 billion in Q3 revenue, but here's the kicker - that number deliberately excludes sales from their H20 chips to China, despite having licenses to sell them.
The market's reaction was swift and predictable: shares dropped 2% in premarket trading on August 28, because apparently investors don't appreciate revenue games of hide-and-seek with the world's second-largest economy.
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