Overview

• Nvidia reported May–July revenue of $46.743 billion and net profit of $26.422 billion, both quarterly records driven by AI data‑center demand.
• The company forecast October‑quarter revenue of $54 billion and said the outlook does not include any potential resumption of China H20 shipments.
• Media reports said an August understanding would allow H20 exports to China if Nvidia pays 15% of sales to the U.S. government, a move not reflected in guidance.
• The Dow closed at a record 45,636.90 on Aug. 28 as AI optimism and expectations of earlier U.S. rate cuts supported buying, even as Nvidia shares slipped on China uncertainty.
• Tokyo shares swung on Aug. 28–29 with early semiconductor selling, subsequent buybacks, and profit‑taking; the yen traded in the low ¥147 per dollar, weighing on export‑sensitive stocks.