Overview

• Nvidia is projected to report $43.38 billion in Q1 revenue, a 66% year-over-year increase, with EPS estimated at $0.87.
• The U.S. ban on H20 chip exports to China has already resulted in a $5.5 billion inventory write-off and could significantly impact Q2 sales.
• Analysts warn Q2 revenue may fall to $41 billion, well below pre-ban expectations of $48 billion, due to the China restrictions.
• CEO Jensen Huang criticized the export curbs as a policy misstep, suggesting they are accelerating China's development of domestic AI chips.
• Despite headwinds, analysts remain bullish on Nvidia, citing strong AI infrastructure demand and maintaining price targets of $160–$175.