Nvidia(US:NVDA) 凤凰网财经·2025-08-27 22:48Core Viewpoint - The article highlights the performance of Nvidia's Q2 earnings report, which is seen as a critical indicator for the AI industry and the broader stock market trends, particularly in the context of Nvidia's influence on the ongoing "super bull market" since April [1][3]. Summary by Sections Market Performance - On Wednesday, U.S. stock indices showed moderate gains, with the Dow Jones up 0.32%, Nasdaq up 0.21%, and S&P 500 up 0.24% [1]. - Nvidia's stock price experienced a slight decline of 0.09%, while other tech giants like Microsoft and Berkshire Hathaway saw increases of over 1% [1]. Nvidia's Q2 Earnings - Nvidia reported Q2 revenue of $46.7 billion, exceeding market expectations of $46.05 billion, marking a year-on-year increase of 56%, but the slowest growth rate since the generative AI boom began in 2023 [1][2]. - The data center business remains a key growth driver, with Q2 revenue of $41.1 billion, also up 56% year-on-year, but slightly below analyst expectations of $41.3 billion [2]. - GPU computing chip revenue was $33.8 billion, down 1% quarter-on-quarter, primarily due to a lack of H20 chip shipments to China, resulting in a $4 billion sales reduction [2]. - The latest Blackwell chip sales grew 17% quarter-on-quarter, accounting for 70% of data center revenue, with cumulative sales reaching $27 billion as of May [2]. Market Reactions and Future Outlook - Following the earnings report, Nvidia's stock price initially dropped, with a decline of up to 5% in after-hours trading [3]. - The earnings report is viewed as a significant factor influencing market confidence in the AI boom, with Nvidia's stock having surged over 30% this year, making it the first company to surpass a $4 trillion market cap [3]. - Nvidia's strong growth expectations continue to support its push towards a $5 trillion market cap, with its performance and outlook likely to dominate the short-term direction of the global tech sector and capital markets [4].