Nvidia reported its financial results for the second quarter of fiscal year 2026, achieving $46.7 billion in revenue, marking a 56% increase from the previous year. The company's net income exceeded $26.4 billion, with an earnings per share (EPS) of $1.08 under GAAP accounting and $1.05 for non-GAAP. Nvidia, a leader in the manufacturing of AI and computing chips, saw its shares decline by 3.3% in after-hours trading despite strong results. The report highlighted concerns over China's contribution to sales, revealing no sales of the H20 processors, which are compliant with US regulations. This follows ongoing export controls from the US amid the trade war with China. The Trump administration had previously imposed restrictions on Nvidia's H20 chip sales due to national security concerns, but recent developments allowed for a potential resumption with conditions for revenue sharing with the US government.

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