Saralnama
Nvidia set a new sales record in the second quarter with $46.7 billion revenue. The company beat Wall Street's expectations for AI chip sales but shares fell 2.3% after hours. Investors worry about an AI bubble and trade tensions with China. Nvidia missed data center revenue targets slightly and did not include sales of its H20 chips to China due to export restrictions. The US government approved a deal for Nvidia to share 15% of H20 chip sales revenue from China. Nvidia expects $54 billion revenue next quarter and announced $60 billion in new stock buybacks. CEO Jensen Huang said demand for their new AI superchip, Blackwell, is very high. Despite challenges, Nvidia remains a key player in the growing AI industry, with other tech giants investing heavily in AI technology. (Updated 28 Aug 2025, 03:47 IST; source: link)