Nvidia posted strong Q2 results with revenue climbing 56% year-over-year to $46.7 billion, driven largely by its data center division, which contributed $41.1 billion. The company’s new Blackwell chips accounted for $27 billion in sales, reinforcing its dominance in AI infrastructure. CEO Jensen Huang projected AI spending could hit $3–4 trillion by 2030.
However, Nvidia continues to face challenges in China, reporting no shipments of its H20 chip amid regulatory uncertainty and local pushback, despite a new export arrangement. Looking ahead, the company expects Q3 revenue of $54 billion, excluding any contribution from China.