Nvidia CEO Jensen Huang had a lot to say about the China restrictions and praised President Donald Trump during the company's Q1 earnings call.

Is there anything that can rain on Nvidia’s parade after another well-received earnings report? Well, criticism from U.S. lawmakers over plans for a facility in Shanghai might introduce a small storm cloud.

The semiconductor industry has faced a number of headwinds, from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Despite Wall Street’s general approval of Nvidia’s results and outlook without China, Huang isn’t giving up on the region. The CEO issued a dire warning during the company’s earnings call, saying that whatever chip AI platform wins in China is positioned to lead globally.

While many analysts still count Nvidia as a top tech pick, they're also cautious on overhangs related to China restrictions and tariffs.

The AI chip maker’s shares rose more than 5% after hours as quarterly revenue surged to a record $44 billion.

Nvidia was "noticeably coy about its limited options" in China during its earnings call, according to Benchmark Research analyst Cody Acree. The U.S. government has blocked Nvidia from selling its H20 chip in that market,

Management said that sales were hurt by U.S. bans on shipments of its high-end H20 chips to China and that second-quarter sales would also be affected by the bans, to the tune of about $8 billion. But in a prepared statement,