Nvidia beat quarterly sales expectations due to pre-ban stockpiling of AI chips but warned that new U.S. export curbs will cut $8 billion from current-quarter sales, lowering its forecast. Shares rose 5% in extended trading after investors saw the expected second-quarter impact as less severe and welcomed strong demand for its new Blackwell chips. The stock remains flat in 2025 amid tightening trade restrictions and a maturing AI data center market. Nvidia touted strong global demand for its new Blackwell chips, including large-scale projects in the Middle East and Taiwan, and noted $4.6 billion in H20 sales last quarter.
