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Nvidia Reports $78B Q1 Guidance as China Approves H200 Chip Sales on May 20

GateNews

Stocks AI Industry News

2026-05-20 15:24:16

NVDA1.79%

BABA-0.81%

JD0.74%

According to Reuters, Nvidia reported Q1 FY2027 guidance of $78 billion (plus or minus 2%) as it prepares to release earnings on May 20. The company's stock traded at $221.41 ahead of the highly anticipated report.

U.S. authorities approved 10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to purchase Nvidia's H200 artificial intelligence chips. However, no deliveries have occurred yet. Nvidia excluded any China-based data center revenue from its outlook, reflecting ongoing export restrictions that limit immediate revenue impact.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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