Nvidia(US:NVDA) Feng Huang Wang·2025-08-27 23:43Core Insights - Nvidia reported Q2 FY2026 revenue of $46.743 billion, a 56% increase from $30.040 billion year-over-year, and net profit of $26.422 billion, up 59% from $16.599 billion [1] - The company did not sell any H20 chips to Chinese customers in Q2 but sold approximately $650 million worth of H20 chips to a non-restricted customer outside China [1] - Nvidia announced an additional $60 billion stock buyback [1] - Nvidia's CFO projected potential H20 chip sales to China in Q3 could reach between $2 billion to $5 billion if geopolitical issues are resolved, but these sales were not included in the Q3 outlook due to uncertainty [1] - Nvidia expects global spending on AI infrastructure to reach $3 trillion to $4 trillion by the end of the decade [1] Additional Insights - The Rubin architecture chip is on track for mass production next year, despite previous reports of delays [2] - Nvidia's quarterly report indicated that the chip revenue-sharing agreement with the U.S. government is not yet finalized, with expectations of a 15% revenue share from H20 sales [2] - Nvidia's CEO highlighted a potential $50 billion market opportunity in China this year, with an annual growth rate of 50% anticipated [2] - Discussions with the U.S. government regarding the importance of U.S. companies entering the Chinese market are ongoing, with future potential for Blackwell architecture chips in China [2] - The CEO emphasized the significance of U.S. technology companies leading the AI race and establishing a global benchmark [2] - Despite uncertainties regarding the timing of realizing the potential market opportunities in China, the CEO remains optimistic about the significant opportunities ahead [2] - Following the earnings report, Nvidia's stock price fell approximately 3% in after-hours trading [2]