Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh U.S. curbs on China exports took effect.
Nvidia
Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia reports results on Wednesday.
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model.
U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars.
Nvidia is in advanced talks to invest in quantum computing startup PsiQuantum, The Information reported on Sunday.
Nvidia said on Monday it plans to sell a technology to others that will tie chips together in order to speed up.
At Taiwan's annual Computex trade show next week, the spotlight is expected to fall, once again, on Nvidia CEO Jensen Huang.
The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia's most advanced AI chips.
Taiwan's Foxconn, the world's largest contract electronics maker, on Wednesday said first-quarter profit leapt 91%.
Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months.