Despite Nvidia’s CEO scandal, the AI chip giant has confirmed it will report its quarterly results next Tuesday, Nov. 17, after the close of trading.
CFO Colette Kress, who will be filling in as interim CEO, is expected to speak on the call. Wall Street will be paying close attention to comments regarding China, on which major scrutiny lies following revelations of Jensen Huang’s affair with a woman believed by the US intelligence service to be a Chinese spy.
Earlier this week, The Information reported that the relationship between MegaSpeed executive Alice Huang and Jensen Huang may have facilitated at least $7.5 billion in Nvidia AI chip shipments to China since 2023. On Thursday, Semafor reported that multiple DOJ investigations, including one into MegaSpeed and another into Super Micro, could place further scrutiny on Nvidia.
The AI chip giant has said its access to China’s lucrative AI chip market has been severely restricted by US export controls. During its last earnings call, then Kress said shipments of H200 chips to Chinese customers accounted for less than 1% of data center revenue in the second quarter, while the company excluded China data center compute sales from its third-quarter outlook.
Source: finance.yahoo.com
