Nvidia reports record sales as the AI boom continues
1. Nvidia reported $46.7 billion revenue, a 56% year-over-year increase. 2. Net income soared to $26.4 billion, up 59% from last year. 3. AI-driven data center sales generated $41.1 billion, mainly from Blackwell chips. 4. Sales in China struggled; no H20 chip sales reported last quarter. 5. Chinese government discourages using Nvidia chips, affecting future profits.