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Fortune
Fortune
Nino Paoli

Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’

Nvidia logo on building (Credit: Justin Sullivan—Getty Images)

Nvidia recorded no China sales revenue for H20 chips and reported revenue that narrowly beat Wall Street targets in the second quarter, as the AI chipmaker reported financial results on Wednesday.

The results, while confirming that demand for AI infrastructure remains solid, left investors underwhelmed and shares of Nvidia, the world’s most valuable company, declined 4% to around the $175 mark in extended trading Wednesday evening.

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