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Nvidia 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.
121 Articles
121 Articles
Nvidia Stock Falls Over 2% In Thursday Pre-Market, Dan Ives Says Any Decline Is A Clear 'Buying Opportunity' - Broadcom (NASDAQ:AVGO), Marvell Tech (NASDAQ:MRVL)
Shares of Nvidia Corporation (NASDAQ: NVDA) fell 2.01% during the pre-market trading session on Thursday after the company logged no revenue from H20 chip sales in China.
Nvidia stores the second quarter above the analysts' expectations, ensuring that demand for the Ai was kept, where clouds had thickened with the hypothesis "boil" . Yet on Wall Street in the off-market drops by more than two points
Nvidia shares slip in after-hours trading as China prospects remain uncertain
Nvidia’s stock declined more than 5 per cent in after-hours trading on Thursday after it detailed challenges and uncertainties in the China market, despite robust quarterly financial results. Shares of the US semiconductor giant closed flat at US$181.6, but dropped as low as US$172.45 after posting revenue growth of 56 per cent to US$46.7 billion for the three months that ended July 27. However, revenues from China, including Hong Kong, declined…
Nvidia stock: $4 trillion empire shows first cracks
Nvidia Corp., now the world's most valuable company, projected quarterly revenue that suggests its growth is cooling after a two-year surge driven by artificial intelligence spending, Bloomberg reported. The NVDA ticker showed 3% drop in after hours over the new uncertainty. The company said on Wednesday that third-quarter sales will be about $54 billion through October. That figure matched average Wall Street estimates, but some analysts had ex…
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