黄仁勋终于告别股价下跌魔咒

Core Viewpoint - Nvidia's recent earnings report shows strong revenue growth despite challenges from geopolitical factors, particularly the H20 export ban impacting its Chinese market presence [4][6][21]. Group 1: Earnings Performance - Nvidia reported Q1 FY2026 revenue of $44.06 billion, a year-over-year increase of 69% and a quarter-over-quarter increase of 12% [11]. - Net profit for the quarter was $18.775 billion, a 26% increase year-over-year but a 15% decrease quarter-over-quarter [11]. - The data center business generated $39.1 billion in revenue, up 73% year-over-year, and accounted for 88% of total revenue [13]. Group 2: Business Segment Breakdown - Gaming and AI PC revenue reached $3.8 billion, marking a record high with a 42% year-over-year increase [14]. - Professional visualization revenue was $509 million, up 19% year-over-year [15]. - Automotive revenue grew by 72% year-over-year to $567 million [16]. Group 3: Impact of H20 Export Ban - The H20 export ban is projected to result in significant losses for Nvidia, with an estimated $8 billion drop in revenue for the upcoming quarter [19]. - Nvidia's CEO expressed concerns that the ban effectively closes the $50 billion Chinese market to American industry, impacting future business prospects [21]. - The ban is seen as a short-sighted measure that may inadvertently accelerate China's technological development [22]. Group 4: Market Reaction and Future Outlook - Despite the challenges posed by the H20 ban, Nvidia's stock rose nearly 6% in after-hours trading, reaching its highest level in four months [24]. - The introduction of the new Blackwell architecture is expected to sustain Nvidia's dominance in the AI chip market [24]. - The growing interest in agent-based AI is seen as a potential driver for Nvidia's future growth, as it requires substantial computational power [25].