Nvidia Overcomes China Export Curbs to Achieve Record Revenue Amid AI Boom

Nvidia’s first-quarter revenue surged 69% to $44.1 billion, defying expectations despite a $10.5 billion loss in Chinese chip sales due to trade restrictions. The chipmaker’s data center segment, fueled by insatiable demand for AI processors, grew 73% to $39.1 billion.

The company briefly eclipsed Microsoft as the world’s most valuable firm, reaching a $3.4 trillion market capitalization before settling at second place. CEO Jensen Huang framed export controls as potentially temporary leverage in ongoing trade negotiations.

Next-generation AI technologies—particularly reasoning models and autonomous agents—are driving demand orders of magnitude beyond previous benchmarks. Nvidia’s stock climbed 3.3% following the earnings announcement, cementing its dominance in the AI hardware sector.