Nvidia has reported a "significant" decline in its data center sales to China in the fourth quarter, attributed to the U.S. government's licensing requirements. Despite this downturn, Nvidia's CEO Jensen emphasized that demand for the company's "next gen products" still far exceeds supply. The company expects the revenue from China's data center sales to remain at this reduced level. However, Nvidia is optimistic about the future, noting that overall supply is improving, though supply constraints are anticipated to continue throughout the year. The U.S. government's desire to limit high-end chip sales to China while still wanting Nvidia to succeed in the market was highlighted. Nvidia is preparing to sample new chips to Chinese customers, offering a more competitive stance in "China after this quarter".
Important nugget shoved into the end of the $NVDA call: NVIDIA SAYS MORE CHANCE TO COMPETE IN CHINA AFTER THIS QUARTER
$NVDA | Nvidia CEO Kress: Sampling New Chips To China Customers - More Chance To Compete In China After This Quarter
China Outlook: Jensen says US Government wants to limit high end $NVDA chip sales to China, and wants the company to be successful in China. Jensen says China “significantly declined in January and expects this quarter to be the same, and after that we hope to go out and compete…
$NVDA | Nvidia CEO: Overall Supply Is Improving But Still Short - Supply Constraints To Continue Throughout Year
$NVDA | Nvidia CEO Kress: Overall Supply Is Improving But Still Short - Supply Constraints To Continue Throughout Year
$NVDA ❖ NVIDIA SAYS DEMAND FAR EXCEEDS SUPPLY FOR NEXT GEN PRODUCTS ❖ NVIDIA EXPECTS CHINA DATA CENTER REVENUE TO STAY AT THAT LEVEL
$NVDA | Nvidia CEO Kress: Demand Far Exceed Supply For Next Gen Products
NVIDIA SAYS DEMAND STILL FAR EXCEEDS SUPPLY FOR ITS PRODUCTS $NVDA https://t.co/C27AG94qRn
BREAKING: Nvidia's CEO says sale of data centers to China has declined significantly
JUST IN: Nvidia $NVDA CEO says data center sales to China declined significantly.
$NVDA "Data Center sales to China declined significantly in the fourth quarter due to U.S. government licensing requirements." https://t.co/BcFtyQQuX4
$NVDA : DATA CENTER SALES TO CHINA DECLINED SIGNIFICANTLY
NVDA: ". Data Center sales to China declined significantly in the fourth quarter due to U.S. government licensing requirements"