Nvidia's fiscal second-quarter earnings matched expectations, but shares fell 3% after hours. The company’s data center division drove revenue growth, while US export restrictions impacted China sales.
Nvidia reported fiscal Q2 earnings of $46.7 billion in revenue and adjusted earnings of $1.05 per share, marking a 56% increase from the same quarter last year. Despite this, Nvidia's shares fell by 3% in after-hours trading. The company expects fiscal Q3 revenue of $54 billion, representing 51% growth from the previous year. Its data center division generated $41.1 billion in revenue, up 56% year-over-year. Nvidia also disclosed that no H20 chips were sold to China during the quarter due to US export restrictions. Bitcoin's price remained stable around $112,000 following the earnings report, with analysts noting that Bitcoin has risen after Nvidia's earnings in seven of the last ten quarters.