Nvidia(NVDA) investors have no shortage of reasons to remain bullish.
The AI chipmaker posted record revenue of $81.6 billion for the first quarter of fiscal 2027, up 85% from a year earlier
Data center revenue surged 92% to $75.2 billion. Nvidia forecast second-quarter revenue of about $91 billion and gross margins of about 75%. That outlook has one glaring exception: Nvidia assumes there will be no Data Center computing revenue from China.
For now, the company is growing strong enough to absorb that lost business. But a new White House allegation about Chinese startup Moonshot AI points to a risk that could extend beyond China. Moonshot purchased servers equipped with Nvidia’s GB300 processors and deployed them in Thailand, probably to train AI models, according to Michael Kratsios, director of the White House Office of Science and Technology Policy, as CNBC reported.