Nvidia eases concerns about China with upbeat sales forecast

Nvidia Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for "exponential growth." The company expects revenue of about 45 billion in its second fiscal quarter, which runs through July. New export restrictions will cost Nvidia about 8 billion in Chinese revenue during the period, but the forecast still met analysts' estimates. That helped propel the shares about 4% Wednesday in extended trading. The outlook shows that Nvidia is ramping up production of Blackwell, its latest semiconductor design.