The world's most valuable chipmaker is far from giving up its desire to retain China as a key growth market. Nvidia is apparently putting together a new AI chip meant for sale in China that's half as powerful as its flagship B300 Blackwell GPU, Reuters reported, citing anonymous sources. This new chip, codenamed B30A, would be more powerful than the H20 GPUs the company is currently allowed to sell to China, the report said, though its design will be single-die in nature, unlike the dual-die design used in ...

The analyst expects Nvidia to deliver a strong beat again and raise when it reports fiscal second-quarter results on August 27. He projects revenue of $48 billion and EPS of $1.06, compared with consensus expectations of $45.8 billion and $1.00 per share. Nvidia NVDA is set to beat Wall Street's expectations once again, driven by surging demand for AI and its new Blackwell architecture. With a strong revenue forecast of $48 billion for the second quarter and expectations for continued growth through 2026, t ...

Nvidia can sell its AI chips in China, and hyperscalers are spending more heavily on data center infrastructure than Wall Street anticipated.Nvidia (NVDA -0.85%) stock has rocketed 35% year to date, and that momentum could continue in the coming months. Shareholders just received good news from President Donald Trump regarding export restrictions. They also got good news from Wall Street about how much money hyperscale cloud companies are spending on artificial intelligence (AI) infrastructure.Here's what i ...

BofA Securities analyst Vivek Arya maintained a Buy rating on NVIDIA Corp NVDA with a price target of $220 on Monday. Arya re-rated Nvidia ahead of its second-quarter earnings call, citing strong sales momentum and long-term earnings potential, while flagging some near-term volatility after the stock's strong year-to-date run. The analyst expects second-quarter revenue to come in at $47 billion, beating the $45.8 billion consensus and Nvidia's own $45 billion guide, driven by a continued ramp in Blackwell G ...

U.S. tariffs don't appear to be a major worry for this Chinese technology giant. New York Times columnist Thomas Friedman wrote in his 2005 best-selling book The World Is Flat that countries are more interconnected than ever before. His premise from 20 years ago is still on target. One downside of this "flat world" is that the trade policies of one country can cause shockwaves for businesses in other countries. We've seen this happen with President Trump's tariffs and threatened tariffs this year. But some ...

Group 1: Nvidia - Nvidia and AMD have seen stock rallies due to the U.S. easing chip export restrictions to China, allowing them to resume AI chip sales [1][2] - Nvidia can now sell its H20 GPUs after a sales halt in April, while AMD is set to restart shipments of its MI308 AI chips [2] - Nvidia's stock price has reached $177.44, with a year-to-date gain of 28.29% and a monthly gain of 12.31% [3] - Morgan Stanley raised Nvidia's price target to $200 from $170, citing strong demand for its Blackwell architecture [5] - The 12-month forecast for Nvidia's stock is $184.91, with bullish predictions reaching as high as $250, indicating potential gains exceeding 40% [6] Group 2: AMD - AMD has received a Moderate Buy rating from analysts, with a current stock price of $176.84, reflecting a year-to-date gain of 46.60% [7] - The average price target for AMD is $148.65, suggesting a 14.40% downside from current levels, despite recent gains [9] - The highest price predictions for AMD reach $210, while the lowest target is set at $110 [9]

Summary of Key Points from the Conference Call Industry Overview - **Real Estate**: The 30-city property sales in China declined by -26% YoY in the first 19 days of July, a significant drop from -8% YoY in June, with tier 1 and tier 2 cities experiencing declines of -30% and -27% respectively, while tier 3 cities remained weak at -17% YoY [2][21] - **Steel Production**: Steel production showed a slight improvement, declining by -4% YoY in the first 10 days of July compared to -5% YoY in June [2][20] - **Port Activities**: Port cargo throughput growth increased to 12% YoY in early July, although container throughput growth decreased to 3% YoY [2][12] - **Auto Sales**: Auto retail sales growth softened to 7% YoY in the first 13 days of July from 15% YoY in June, while wholesale growth increased to 34% YoY from 14% YoY [2][17] Economic Indicators - **GDP Growth**: Q2 real GDP growth remained robust at 5.2% YoY, slightly down from 5.4% YoY in Q1, supported by improving retail sales and solid export growth [3] - **Deflation Pressure**: The GDP deflator showed a larger decline of -1.2% YoY in Q2 compared to -0.8% YoY in Q1, indicating ongoing deflationary pressures [3] - **Investment and Consumption**: FAI growth decelerated to 2.1% YoY, with industrial production growth slightly slowing to 6.2% YoY [3][29] Forecasts and Expectations - **2025 GDP Forecast**: The GDP forecast for 2025 has been upgraded to 4.7% from a previous projection of 4%, with expectations of economic deceleration in H2, particularly in Q4 [4] - **CPI and Currency Outlook**: Full-year CPI is expected to decline to -0.2%, with the CNY potentially strengthening in the near term but facing risks from trade uncertainties [4] Policy and Government Actions - **Urban Development**: The central urban work conference emphasized urban renewal and infrastructure investment, with a focus on upgrading old urban pipelines and tunnels [5][7] - **Sector Support Plans**: The Ministry of Industry and Information Technology plans to unveil new action plans in 2025 to stabilize growth in ten key sectors, including steel, petrochemical, and automotive industries [7] Trade and International Relations - **Trade Deals**: A new trade deal with Indonesia was announced, with a tariff rate of 19% and commitments for significant purchases of US goods [8] - **Technology Exports**: The US government is expected to grant licenses for Nvidia to export H20 GPUs to China, indicating a potential easing of restrictions [8] Additional Insights - **Market Sentiment**: The upcoming July Politburo meeting is anticipated to maintain a supportive macro policy tone, but major additional stimulus measures are unlikely due to robust Q2 GDP growth [9] - **Investment Risks**: Key risks to the economic outlook include the progress of US-China trade talks and the ongoing property market downturn [4][9]

Core Viewpoint - Nvidia has been a key player in the AI boom, with its stock increasing by 1,070% since January 2023 due to strong demand for its GPUs and data center infrastructure [1] Group 1: Financial Impact and Market Share - Export restrictions from the U.S. government have resulted in Nvidia losing billions in sales, with revenue from China dropping from 26% in fiscal 2022 to an estimated 13% in fiscal 2025 [4] - CEO Jensen Huang noted that Nvidia's market share in AI chips in China has decreased from 95% to approximately 50% [4] - The company estimated a loss of about $400 million in quarterly revenue due to the Biden administration's restrictions on A100 and H100 GPUs [5] - Following the Biden administration's restrictions on H800 GPUs, Nvidia had to cancel billions in orders and created an export-compliant version called H20 [5] Group 2: Regulatory Changes and Market Opportunities - The Trump administration has indicated that licenses will be granted for Nvidia to sell H20 GPUs in China, which is expected to expand Nvidia's total addressable market [7][10] - The rescission of the AI Diffusion Rule by the Trump administration allows Nvidia to sell advanced AI chips to more countries, enhancing its market opportunities [8][9] - Nvidia has already formed partnerships to supply its chips to countries like Saudi Arabia and the UAE, capitalizing on the shift towards sovereign AI [9] Group 3: Analyst Expectations and Stock Valuation - Wall Street analysts are likely to increase earnings estimates for Nvidia due to the favorable regulatory changes, which typically correlates with share-price appreciation [10] - Current consensus estimates suggest Nvidia's earnings will grow at an annual rate of 41% through fiscal 2027, making its valuation of 54 times earnings appear reasonable [11] - Upward revisions to earnings estimates could further enhance the attractiveness of Nvidia's stock for investors [11]

The US government has approved for us uh filing licenses to start uh uh shipping H20s. So, we will start to uh sell H20s to the Chinese market and I'm looking forward to uh shipping H20s uh very soon. And so, I'm very happy with that with that.Very very good news. ...

Market Overview - The Nasdaq reached a record closing high as the second-quarter earnings season begins, with President Trump announcing a 30% tariff on Mexico and the EU, prompting negotiations before the August 1 deadline [1][2] - The S&P 500 is expected to see 4.7% earnings growth on 4% higher revenues for Q2, indicating a slowdown compared to previous quarters [3] Earnings Reports - JPMorgan Chase reported Q2 earnings of $4.96 per share, exceeding estimates by 9.98%, with revenues of $44.91 billion also surpassing expectations [9] - Nvidia's stock rose approximately 4% after announcing plans to resume sales of restricted H20 GPUs to China, with government assurances of license approvals [11][12] Historical Context - The S&P 500 experienced a significant rally, advancing over 25% from April lows, a feat accomplished only five times since 1957, with historical data suggesting double-digit gains in the following year [7] - The first half of the year was marked by volatility due to trade tensions, but market performance improved as trade-talk progress became clearer [5][6]