Record earnings underscore Nvidia’s dominance in A.I., even as U.S. export bans cut it off from the lucrative Chinese market.

Management said that sales were hurt by U.S. bans on shipments of its high-end H20 chips to China and that second-quarter sales would also be affected by the bans, to the tune of about $8 billion. But in a prepared statement,

Tucked into its quarterly filing, Nvidia for the first time said restrictions on the use of open-source AI models from China could hurt its business.

Nvidia CEO Jensen Huang had a lot to say about the China restrictions and praised President Donald Trump during the company's Q1 earnings call.

Even as Nvidia reported another blockbuster quarter of 69% sales growth on Wednesday, the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the U.

Nvidia CEO Jensen Huang said the company doesn’t currently have any plans to continue serving customers in China, but is “thinking about it,” during the company’s earnings call. But the company “would be best served by giving up on the China market in its entirety,

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