Nvidia's China issued swept aside as AI-fueled boom continues

Nvidia released better-than-expected fiscal fourth-quarter earnings, driven by high demand for its chips from tech giants involved in training artificial intelligence models. However, the company experienced a decline in sales in China due to U.S. export restrictions.

Nvidia reported strong fiscal fourth-quarter earnings, surpassing market expectations. The company’s chips continue to be in high demand by tech giants for the training of artificial intelligence models. However, Nvidia faced a sales decline in China due to U.S. export restrictions.