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Barchart
Barchart
Amit Singh

Nvidia’s Q2 Growth Masks China Headwinds, But Is NVDA Stock Still a Buy on the Dip?

Nvidia NVDA China

Nvidia (NVDA) once again delivered solid quarterly numbers, highlighting its dominance in the artificial intelligence (AI) space. It reported $46.7 billion in revenue, beating expectations, with data center sales leading the way at 56% year-over-year growth. Notably, the momentum in Nvidia’s data center business continued even in the absence of Chinese H20 shipments.

NVDA’s Data center revenue also grew sequentially despite a $4 billion drop in H20 sales. This indicates that Nvidia’s growth isn’t tied to a single market. Instead, demand for its AI technology is broad-based, spanning multiple industries and regions worldwide.

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