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Nvidia and Microsoft Stock Surge Following Recent Developments
Nvidia (NASDAQ: NVDA) shares are nearing new highs after the U.S. government granted permission for the company to resume sales of its H20 chip to China, which previously generated $17 billion in revenue last year, accounting for 13% of Nvidia’s total. The company anticipates $200 billion in revenue for the fiscal year ending January, a 53% increase from the previous year. The resumed sales could raise analysts’ expectations for quarterly revenue and earnings.
Meanwhile, Microsoft (NASDAQ: MSFT) reported a 33% year-over-year revenue growth in its Azure cloud business, with AI services contributing to 16 percentage points of that growth. The company expects its fiscal 2025 revenue to reach $279 billion, growing at an annualized rate of 13% over the next four years, while earnings are projected to grow at a rate of 15%. Microsoft continues to expand its AI capabilities and data center infrastructure globally.
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