Overview

• Nvidia posted $46.74 billion in quarterly revenue, with data-center sales up 56% year over year to $41.1 billion.
• The company forecast roughly $54 billion in third-quarter sales that exclude China, and the stock slipped on the continued uncertainty.
• Nvidia reported zero H20 shipments to China last quarter, and CEO Jensen Huang said the market is “effectively closed” even as he pegs it at about $50 billion.
• A reported 15% U.S. take on China-directed chip sales has no formal rules yet; CFO Colette Kress says Nvidia will not pay without a regulatory document, and filings warn of litigation and competitive risks.
• The Wall Street Journal reported Alibaba has developed a domestically produced AI inference chip as China accelerates homegrown alternatives, while Nvidia pursues licenses for scaled-down Blackwell parts that Huang says could take time.