Nvidia's China Slump: AI Boom or Bust?

Nvidia Corporation fell 1.12% intraday, as the company's earnings report showed a decline in China market revenue share to 13% in the first quarter, while new procurement agreements in the Middle East eased concerns over U.S. semiconductor export restrictions to China. Additionally, downstream customer capital expenditure is expected to reach $330 billion over the next two years, a 6% increase from current levels, confirming sustained investment in artificial intelligence. The broader market also saw a strong rebound in May, with the Nasdaq Composite Index rising nearly 10%, indicating improved risk appetite.