<div id="readability-page-1" class="page"><div><div><p>Shares of <strong>Nvidia Corporation</strong> <span>NVDA</span> fell 2.01% during the pre-market trading session on Thursday after the company logged no revenue from H20 chip sales in China.</p><h2>Nvidia Posts $46.7 Billion Q2 Revenue, Beats Estimates, Ups Buyback</h2><p>Nvidia’s Q2 revenue hit $46.74 billion, marking a 56% year-over-year increase. This narrowly exceeded the Street’s consensus estimate of $46.02 billion. The company also reported an adjusted earnings per share of $1.05, surpassing the Street’s forecast of $1.01. The non-GAAP gross margins for the quarter were 72.7%.</p><p>Nvidia’s Blackwell Data Center revenue experienced a 17% increase quarter-over-quarter. CEO <strong>Jensen Huang</strong> highlighted the company’s AI platform, Blackwell, as a significant leap forward. He stated, “The AI race is on, and Blackwell is the platform at its center.”</p><p>Alongside the earnings, Nvidia announced a new $60 billion share buyback authorization, with $14.7 billion still available from an existing repurchase agreement. </p><h2>Uncertainty Over H20 Chip Shipments To China</h2><p>The company reported zero H20 sales to customers in China during the second quarter. Nvidia reported a $180 million boost from the release of H20 inventory, which was sold to a customer outside China.</p><p>Nvidia stated that its current quarter forecast does not factor in the H20, but estimated that between $2 billion and $5 billion worth of H20 chips could be shipped to China if &#34;geopolitical&#34; challenges were resolved.</p><h2><strong>Dan Ives: Nvidia poised for $5 Trillion Despite China risks</strong></h2><p>Wedbush analyst </p><p><strong>Dan Ives </strong></p><p>highlighted the long-term potential in China, saying it represents a $50 billion market growing 50% annually, despite near-term challenges from regulatory hurdles, </p><p>reported </p><p>TipRanks. </p><p>Ives says that any decline in the stock should be seen as a “buying opportunity” calling the Jensen Huang led company as “the only game in town.” The analyst also foresees Nvidia to hit “$5 trillion” in market cap by early 2026. </p><h2><strong>Huang Calls AI A New Industrial Revolution</strong></h2><p>During the earnings call, Huang portrayed AI as “a new industrial revolution,” underlining its transformative effect on the global economy. </p><p>Furthermore, Huang defended Nvidia’s dominant AI GPU platform against rivals <strong>Broadcom Inc.</strong> <span>AVGO</span> and <strong>Marvell Technology Inc. </strong><span>MRVL</span> who are increasing custom AI chip production. Huang dismissed concerns about Nvidia’s position being threatened, citing its full-stack architecture, ecosystem reach, and performance-per-watt leadership as irreplaceable assets.</p><ul> <li><strong>Scott Bessent Says Acquiring Stake In Nvidia ‘Not On The Table,’ Hints Shipbuilding Sector Could Be Next</strong></li> </ul><p><em>Image via Shutterstock</em></p></div></div></div>

NVDA

<p>Nvidia Corporation's stock fell 2.01% in pre-market trading after reporting no revenue from H20 chip sales in China. Despite this, the company posted a Q2 revenue of $46.74 billion, exceeding estimates, and announced a $60 billion share buyback. Analyst Dan Ives views the stock decline as a buying opportunity, citing Nvidia's long-term potential in the $50 billion Chinese market. CEO Jensen Huang emphasized AI's transformative role in the economy and defended Nvidia's leading position in the AI GPU market against competitors.</p>

- Nvidia Corporation's shares fell 2.01% in pre-market trading after reporting no revenue from H20 chip sales in China, despite a Q2 revenue of $46.74 billion, exceeding estimates.  
- CEO Jensen Huang emphasized the significance of the AI platform Blackwell, while the company announced a $60 billion share buyback and noted potential H20 chip shipments to China if geopolitical issues are resolved.  
- Analyst Dan Ives highlighted China's long-term market potential and predicted Nvidia could reach a $5 trillion market cap by early 2026, despite current regulatory challenges.  

Nvidia Stock Falls Over 2% In Thursday Pre-Market, Dan Ives Says Any Decline Is A Clear 'Buying Opportunity'