According to @KobeissiLetter, Nvidia’s CFO stated during the Q1 FY2025 earnings call that the company estimated an $8 billion revenue loss in Q2 FY2025 after selling zero H20 chips to China, implying roughly 17% of quarterly revenue impacted, source: The Kobeissi Letter on X citing Nvidia’s Q1 FY2025 earnings call. For traders, a double-digit revenue hit to a major AI bellwether can weigh on broader risk assets, and crypto has shown higher co-movement with equities since 2020, so monitor BTC and ETH volatility alongside NVDA, source: International Monetary Fund analysis on crypto–equity correlations.

According to @KobeissiLetter, many Wall Street banks raised their price targets above $200 this morning, creating a supportive backdrop for near-term trading momentum; source: @KobeissiLetter. @KobeissiLetter adds that Jensen Huang will be working overtime to at least partially restore sales in China, a key narrative driver for the stock; source: @KobeissiLetter. With expectations set low, @KobeissiLetter notes there is ample room for an upside surprise, presenting a potentially favorable risk-reward setup for short-term traders; source: @KobeissiLetter.

According to @KobeissiLetter, Nvidia NVDA reported zero H20 chip sales to China-based customers in Q2 FY2025, signaling a halt in China-related H20 shipments last quarter, source: @KobeissiLetter. The source highlighted tariffs and export restrictions as key drivers of the stoppage, source: @KobeissiLetter. Equity and crypto traders can monitor NVDA price action, guidance on China exposure, and AI hardware supply headlines for potential sentiment shifts following this report, source: @KobeissiLetter.