A senior Nvidia executive said President Trump’s potential tariffs and export controls on his powerful computer chips remain an “unknown”-giving the slide of his shares despite three-month profits better than expected.
Nvidia shares were more than 4% in the morning Thursday, while the investor digested a mixed view by the firm of CEO Jensen Huang in the fourth trimester profits report.
Wall Street remains concerned about macroeconomic factors while Trump increases pressure on China. Nvidia CFO Colleen Kress accepted uncertainty during a call to analysts.
“Tariffs, at this point, is a little unknown,” Kress said. “Next to an unknown until we find out what is the US government plan, like its time, is” where “and how. So, at this time, we are waiting for, but again, we will always follow export controls and/or fees in that way.”
While income and income came to expect the above, skeptics showed a slight stroke while Nvidia enhances the production of new Blackwell chips. Revenue increased 78% to $ 39.33 billion, but growth has slowed down by its harsh peace as Nvidia grows higher.
Nvidia envisioned sales of $ 43 billion in the current quarter – a number that came higher than the consensus Essimates, but still seemed to shock some analysts. Edward Jones analyst Logan Purk described the guidance as “slightly underestimated”.
In a Thursday morning post on social truth, Trump said he would impose another 10% fee in China – in addition to the 10% fee he already faces for imports. Tariffs against Mexico and Canada will take effect on March 4.
Adding uncertainty, the president strictly sailed a possible “25% and higher” fee in computer chips.
Nvidia fell along the index consisting of Nasdaq technology, which was reduced to about 200 points or 1% in early trading.
Nvidia is the main supplier of the front chips, with Microsoft -backed Openni and Xai of Elon Musk among its customers.
Wedbush analyst Dan Iva said Nvidia’s results suggest that “the thesis of Ai’s revolution” remains strong “, despite market shouting. He repeated a view that Nvidia would hit a $ 4 trillion market cap this year.
“Are there any concerns about Trump’s fees, export controls and other macro factors? Of course there are,” Iva said in a note to customers.
“But our view is after all, the bar will be worse than biting with export tariffs/controls in China and this is all a high stock poker game to run a deal with China at the negotiation table somewhere in 2025,” Ives added.
Huang told analysts that require that Blackwell chips are “extraordinary” and predicted great things ahead for the development of it.
“We are only at the beginning of the era of him … We will grow tightly in 2025,” he said.
Senior Trump administration officials have suggested that the country can strengthen export controls limit China’s entry into the best Nvidia chips, which are required to train and strengthen advanced chatbots.
Trade Secretary Howard Lutnick singled out Nvidia’s role in China’s rapid progress in him during his confirmation session last month – shortly after the Chinese firm Deepseek endlessly the technology sector claiming it had developed a powerful model for less than $ 6 million.
“Nvidia chips, which they bought tone, and they found their way around, direct their deepseek pattern. It has to be over,” Lutnick said.
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