Nvidia posted record Q2 revenue of $46.7 billion and net income of $26.4 billion, beating Wall Street estimates, but its stock fell 3% after-hours due to concerns over slower data center growth.
Data center revenue rose 56% to $41.1 billion, slightly below analyst expectations of $41.3 billion, raising doubts about the sustainability of AI-driven demand.
China-related uncertainty continues, with U.S. export restrictions and delayed H20 chip shipments limiting potential sales of $2–5 billion this quarter.
Despite strong gaming and robotics growth, Nvidia’s 56% YoY revenue gain was the slowest in nine quarters, prompting investor caution even amid $60 billion in share buybacks.
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