Nvidia(US:NVDA) Guan Cha Zhe Wang·2025-09-10 06:40Core Viewpoint - Nvidia's CFO Colette Kress expressed confidence in generating $2 billion to $5 billion in revenue from the H20 chip for the Chinese market, despite existing challenges in coordination and regulatory issues [1][4]. Group 1: Financial Performance - Nvidia reported total revenue of $46.7 billion for Q2, a 56% increase from $30.04 billion in the same period last year [3]. - The data center business generated $41.1 billion, accounting for 88% of total revenue, also reflecting a 56% year-over-year growth, but the growth rate has slowed compared to the previous quarter's 73% [4]. - Nvidia's guidance for Q3 revenue is set at $54 billion, with a fluctuation range of 2% [4]. Group 2: Product Development - The company is developing the Rubin architecture AI chips, with six models completed and progressing towards maturity [3]. - The Rubin CPX GPU, designed for long context workloads, is expected to launch by the end of 2026, promising to double the efficiency of current AI inference operations [3]. Group 3: Market Challenges - Nvidia has faced challenges in the Chinese market due to export restrictions on the H20 chip, which has led to a lack of new sales and reliance on inventory release valued at $180 million [4]. - The company has obtained export licenses for some major clients in China but continues to navigate regulatory hurdles [1].