Nvidia Shares Surge on Strong Q1 Results and Export Reprieve

Nvidia's shares rose 5% despite a forecasted revenue miss due to U.S. export restrictions impacting sales to China, with the company stockpiling chips before restrictions took effect. The restrictions are expected to cut $8 billion from upcoming sales, but Nvidia remains optimistic about demand for its new Blackwell chips and new deals in the Middle East. CEO Jensen Huang highlighted geopolitical challenges but also praised recent policy changes and emphasized ongoing growth opportunities in AI infrastructure, despite short-term setbacks.