LOS ANGELES (AP) — Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which power artificial intelligence systems continued to grow.
Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The company's shares are now trading at the same price they were in September, before the U.S. presidential election.
Tariffs may spike manufacturing costs for leading technology companies such as Apple and Nvidia that assemble and manufacture products outside the U.S.
LOS ANGELES (AP) — Nvidia beats Wall Street estimates with strong fourth quarter, citing demand for Blackwell AI chips.