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Posted by
Two Blokes May 11 -
Filed in
Stock
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6 views
Despite the H20 GPU export license drama, Nvidia is up by 5% since April 15. I believe the market is paying more attention to the growth story in the US. I believe the decline in gross margins since Q2 last year may be driven by H20 sales in China. The less revenue exposure to this country, the higher the margins. That said, H20 GPU sales in China are robust, with major orders from ByteDance, Alibaba, and Tencent in Q1, mitigating the $5.5 billion headwind.
