Business

Earnings

Nvidia’s Business Is Booming Despite Being Shut Out of China

The AI chip maker’s shares rose more than 5% after hours as quarterly revenue surged to a record $44 billion

WSJ’s Dan Gallagher explains how Nvidia’s quarterly revenue surged to a record $44 billion, despite its inability to ship $2.5 billion of chips due to Chinese market restrictions. Photo Illustration: Noah Higgins-Dunn

Nvidia’s business is still booming—even with the company effectively shut out of one of the world’s largest markets for advanced artificial-intelligence chips.

The chip titan has been on a roller-coaster over the past few months after the Trump administration moved to limit sales of chips to the Chinese market and then cleared the way for multibillion-dollar deals for processors in the Middle East.

WSJ Logo