Nvidia Q2 Earnings Surpass Expectations Despite Data Center and China Challenges
TL;DR Summary
Nvidia reported strong Q2 earnings with revenue of $46.7 billion and a 56% increase in data center revenue, but shares fell 2% premarket due to concerns over restricted H20 chip sales to China amid geopolitical tensions. The company’s Q3 guidance exceeds estimates, yet the outlook for China remains uncertain, impacting future sales prospects. Despite challenges, Nvidia remains optimistic about long-term growth driven by AI demand and upcoming product launches.
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