Nvidia expects significant revenue increase despite challenges
Reuters — November 20, 2023, 12:00 PM UTC
Summary: Nvidia is expected to announce a 173% revenue increase for Q3, with a forecasted 195% rise for the current quarter. U.S. restrictions on high-end chip sales to China may impact its third-largest market, which accounts for over one-fifth of its revenue. Despite this, Nvidia has introduced new chips for the Chinese market and a top-of-the-line AI chip, H200. The company's stock declined 12% between August and October.
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