The AI boom lets the business of the chip group Nvidia continue to grow rapidly despite problems in the China business. In the past quarter, sales jumped up to around $ 44.1 billion (38.8 billion euros) in the past quarter. Nvidia exceeded the expectations of Wall Street. Compared to the quarter before, there was an increase of twelve percent. The US export hurdles are noticeable in the meantime the Nvidia business in China. In the current quarter alone, the group will, according to its own estimate, avoid revenues of eight billion dollars. In the past quarter, Nvidia had to write off $ 4.5 billion. It was a billion less than initially expected, since part of the technology was used for other purposes, it said. Us government brakes China business already under the previous President Joe Biden, the USA created hurdles for the sale of the most modern high-performance chips to China. Nvidia could therefore only deliver a slower version called H20 to Chinese companies. But even these chip systems have fallen under export restrictions since mid-April in view of the trading policy of Biden’s successor Donald Trump. He criticizes that the US government spurs the emergence of local Nvidia rivals in China. For the current quarter, Nvidia predicted a turnover of $ 45 billion in the Chinese market. For the stock, after -board trading was a good four percent up.
