NVIDIA Stock Soars 26% On AI Boom; CEO Warns Against Sanctioning China
NVIDIA stock soared 26% in after-hours trading after the company said it expected Q2 2023 revenues of $11 billion, more than 50% higher than analysts expected, thanks to the generative AI boom:
**** **** $**** ** ****** *** to ****** *********, ****** *** **** worth $**** ***** ** *.** **** than *****, ******* ***** ********* **** 2x **** ******* **** ****** ** 2022 ($*** ** $***).
**********,******'* *** ****** ***** ********** **-***** '**** ****' **** "******** damage" ** * ********* ***** *********:
“** [*****] ***’* *** **** . . . *** ****** ******, ****’** just ***** ** **********,” ** ****. “So ***US *** ** ** *******. China ** * **** ********* ****** for the technology industry.”
“** ** *** ******** ** *** Chinese ******,we ***’* **** * *********** for that. There is no ***** *****, there is only one China,” Huang said, adding that there would be “enormous ****** ** ******** *********” if they were unable to trade with Beijing. [emphasis added]
** ***** ****, **** ***** ***************** ******** ******** ** ** ******* by ******, ******* ** *********.****** **** **** ** "***'* ******* every ****** *** ** ********** **** of *** ********".
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