Nvidia Reports Record Revenue Despite China Sales Halt, Stock Buybacks Raise Concerns

Nvidia's latest earnings report showcases staggering financial performance, with $46.7 billion in quarterly revenue achieved without a single H20 chip sale to China. The semiconductor giant's revenue and earnings per share exceeded expectations, yet market reaction remained tepid amid broader industry concerns.

The company's $60 billion stock buyback program—surpassing its own record revenues by $15 billion—has raised eyebrows among analysts. Data center revenue shortfalls and growing Chinese competition compound the mixed outlook, despite bullish guidance projecting $55 billion next quarter.

Market skepticism persists despite the headline numbers, reflecting deeper anxieties about AI sector valuations and geopolitical trade tensions. Nvidia's ability to maintain growth without Chinese sales demonstrates remarkable market diversification, though sustainability questions linger as rivals mobilize.