Overview

• Nvidia posted May–July revenue of $46.743 billion and net income of $26.422 billion, both quarterly records, and guided October-quarter revenue to $54 billion.
• U.S. stocks advanced with the Dow up 71.67 points to 45,636.90 for a new closing high as AI-related shares drew buyers.
• Nvidia shares slipped as uncertainty over its China business lingered, even with strong data-center demand from major U.S. cloud customers.
• Reports said Nvidia reached a conditional deal to resume some H20 chip exports to China by paying 15% of sales to the U.S. government, a scenario not reflected in its guidance.
• Tokyo markets swung after Nvidia’s report, with early chip-sector selling on China-demand worries followed by buybacks that lifted the Nikkei, while the yen traded near ¥147 per dollar.