Nvidia beats Wall Street expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as bellwether for AI business, reports $44.1bn in revenue for quarter

Nvidia beat Wall Street expectations in its quarterly earnings report on Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.

The company exceeded investors' predictions of $43.3bn in revenue. Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior.