In an interview with CNBC on May 20, Huang stated, "We have effectively ceded that market to them, and the local semiconductor ecosystem is thriving because we have withdrawn from it. Huawei has had a record year and is expected to achieve remarkable results next year as well."
He added, "We have essentially given that market to them."
Recently, Huang joined a delegation during former President Donald Trump's visit to China, raising hopes for the resumption of exports of NVIDIA's H200 chips to the country. However, Huang cautioned against optimism.
"I have no expectations," he said, advising analysts and investors to "not invest or expect anything."
Nonetheless, he affirmed his desire to return to the Chinese market, noting, "There are many customers and partners there, and we have been doing business there for 30 years."
NVIDIA reported that its revenue for the first quarter of the fiscal year (February to April) reached $81.62 billion, marking a 20% increase from the previous quarter's record of $68.13 billion and setting a new record for the 12th consecutive quarter.
Compared to the same period last year, revenue surged by 85%, surpassing market expectations of $78.85 billion, as reported by the London Stock Exchange Group (LSEG). The adjusted earnings per share (EPS) stood at $1.87, exceeding Wall Street's forecast of $1.76.
The growth was driven by the data center segment, which generated $75.2 billion in revenue, a 92% increase year-over-year. Within this, data center computing revenue was $60.4 billion, and networking revenue was $14.8 billion.
The edge computing segment, which includes PCs, gaming consoles, and autonomous vehicles, reported $6.4 billion in revenue, up 29% from the previous year.
NVIDIA projected second-quarter revenue of $91 billion, exceeding market expectations of $86.84 billion. The company also anticipates that its central processing unit (CPU), Vera, will generate $20 billion in annual revenue, accounting for about 5% of NVIDIA's expected annual revenue.
Following the earnings announcement, NVIDIA's stock rose 1.3% during regular trading but turned downward in after-hours trading. As of 8 p.m., shares were trading at $220.66, down $2.81 (1.26%).
* This article has been translated by AI.
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