NVIDIA CEO ON H20 SALES TO CHINA: HAVEN'T SEEN ORDERS YET -FOX
$NVDA - NVIDIA CEO ON H20 SALES TO CHINA: “HAVEN’T SEEN ORDERS YET” – FOX BUSINESS
NVIDIA $NVDA CEO: HAVEN'T SEEN H29 ORDERS FROM CHINA YET... HAVE SOME H20S BUILT FOR COMING QUARTER, IF ORDERS COME IN
Nvidia Corp. said its latest financial outlook assumes no shipments of its H20 artificial-intelligence GPU to China and confirmed that it recorded no H20 sales to China-based customers in the fiscal second quarter. Chief Executive Officer Jensen Huang told Fox Business that the company has not yet received any orders for the China-compliant chip variant, though it has produced a limited number of units for the coming quarter should demand emerge. The absence of orders from what was once a major market came despite a slight earnings beat and sent Nvidia shares roughly 2% lower in after-hours trading, underscoring investor concern over the company’s ability to regain traction in China.
