Nvidia Eases Concerns About China With Upbeat Sales Forecast

Nvidia Corp. 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 the second fiscal quarter, which runs through July, it said Wednesday. New export restrictions will cost Nvidia about $8 billion in Chinese revenue during the period, but the forecast still met analysts’ estimates. That helped boost the shares as much as 6.4% after markets opened in New York on Thursday.