Nvidia reported a strong Q2 with revenue of $46.7 billion and an adjusted EPS of $1.05, exceeding analyst expectations and buoyed by robust Blackwell chip sales. Despite these positive results, shares declined by 3.4% in after-hours trading after Nvidia revealed it sold no H20 chips to China due to new U.S. export restrictions, raising concerns about geopolitical risks and the impact on one of its largest markets. Although data center sales grew by 17% sequentially, the muted stock reaction reflects investor anxiety over broader macroeconomic challenges. Looking ahead, Nvidia anticipates Q3 revenue of $54 billion and plans a significant $60 billion expansion of its share repurchase program, alongside a scheduled dividend payment.

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