4 hours ago

Nvidia Beats Wall Street in Q2 but Stock Tanks on China Uncertainty

TLDR: Nvidia Q2 revenue hit $46.7B, up 56% year-over-year, beating Wall Street estimates by half a billion dollars. Data center sales reached $41.1B, slightly under forecasts, raising concerns over core AI demand strength. Q3 guidance forecasted $54B revenue, higher than expectations, but excluded potential China H20 chip sales. Nvidia returned $24.3B to shareholders in H1 [...]

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