Overview

• Nvidia posted $46.74 billion in fiscal Q2 revenue, with data center sales rising about 56% year over year to roughly $41.1 billion.
• The company guided roughly $54 billion for Q3 and explicitly excluded China, even as CEO Jensen Huang reiterated a long-term $3 trillion to $4 trillion AI infrastructure opportunity.
• Nvidia reported zero H20 shipments after $4.6 billion the prior quarter, citing unresolved terms and noting China authorities questioned product vulnerabilities the company denies.
• Huang signaled openness to a revenue-sharing approach for China-ready Blackwell chips, and Nvidia authorized a new $60 billion share buyback.
• Shares were volatile with more than $50 billion changing hands in one session and fell about 3% Friday as investors weighed China exposure and reports of new Chinese AI chips from Alibaba and shifts by DeepSeek.