World Business Report Nvidia earnings boom despite tariffs
May 28, 2025
Nvidia's latest earnings report reveals a booming success despite tariffs, with impressive revenue growth and challenges due to potential losses in China. Meanwhile, Elon Musk breaks ranks with President Trump, criticizing a controversial finance bill as political divides deepen. A landmark German court ruling holds companies responsible for climate damages, raising the stakes for future corporate accountability. Lastly, culinary debates stir around Slovakia's plan to sell bear meat amidst safety concerns, blending environmental issues with local cuisine.
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Nvidia Thrives Despite Tariffs
- Nvidia beat earnings expectations despite a $4.5 billion hit from US tariffs, showing strong demand.
- The company worries foreign competitors will advance if China sales remain restricted under US export controls.
Nvidia's China Challenge and Global Growth
- Nvidia struggles with H20 chips sales to China due to Trump-era export restrictions.
- Growth in other global markets, like the Middle East, partly offsets losses in China.
China Restrictions Hit Nvidia Revenue
- Nvidia faces over $10 billion in revenue losses next quarter due to China chip bans.
- However, expanded GPU access in tier two countries fuels growth in the Middle East and others.