Nvidia rises after beating quarterly sales estimates

AI chip firm Nvidia's NVDA.O shares rise 3.9% to $140.19 after market

Company beats Q1 sales expectations

Forecasts Q2 revenue below market estimates, expecting $8 billion hit to sales from tighter U.S. curbs on exports of its AI chips to China

Nvidia says its actual Q1 charge due to U.S. restrictions on sale of its H20 chips to China was $1 billion less than expected because it was able to reuse some materials

Company says it lost $2.5 billion in H20 sales in Q1

Nvidia expects Q2 revenue of $45 billion, plus or minus 2%, vs est $45.90 billion - LSEG