US EditionNvidia revenue jumped 56 percent last year, beats Wall Street expectations
Nvidia's data center revenue surged 56% to $41.1 billion despite US-China trade restrictions, with CEO Jensen Huang highlighting potential $50 billion AI chip sales in China.
- On Wednesday, Nvidia Corporation reported fiscal second-quarter revenue of $46.7 billion and adjusted earnings of $1.05 per share, yet shares fell roughly 3%–5% in after-hours trading and the board authorised a $60 billion buyback on August 26.
- Nvidia said it excluded H20 chips from current-quarter guidance, estimating $2 billion to $5 billion could ship to China if geopolitical issues ease, while recently agreeing to pay the U.S. government 15% of some China sales for export licenses.
- Financial details show data center division revenue reached $41.1 billion, gross margin 72.4%, net profit $26.4 billion, with share repurchases $9.7 billion and dividends $244 million.
- The company guided fiscal third-quarter revenue to $54 billion, plus or minus 2%, while options markets priced a ±6.7% move and traders flagged resistance near $183 and support around $170 to $174, with shares hitting an after-hours low of $172 on Wednesday.
- Blackwell's ramp remains central as Nvidia leads AI with durable hyperscaler demand; U.S. export licences enable a China-specific Blackwell chip, highlighting geopolitics' role in growth.
Insights by Ground AI
Does this summary seem wrong?
95 Articles
95 Articles
US shares edge up as Nvidia profit meets expectations
US shares traded modestly higher ahead of Nvidia's profit results, but the chipmaker slipped in after-hours trade despite meeting expectations. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Australia
Read Full Article
In the history of technology, few companies have succeeded in embodying a revolution as completely as Nvidia has done with artificial intelligence. If AI is the...
·Madrid, Spain
Read Full Article
Coverage Details
Total News Sources95
Leaning Left14Leaning Right7Center28Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
To view factuality data please Upgrade to Premium
