Nvidia Beats Estimates With $46.7B Revenue, Shares Dip on China Sales Risk

Benzinga

Nvidia reported $46.7B in revenue, topping Wall Street estimates, but shares fell over 2% in pre-market after revealing no sales of its H20 chips in China — a $50B market at risk. Data center sales rose 17% on its Blackwell AI platform, with CEO Jensen Huang calling AI a new industrial revolution. Wedbush analyst Dan Ives sees any dip as a buying opportunity, predicting Nvidia could reach a $5T valuation by 2026.

Transcript

00:00Nvidia just reported $46.7 billion in revenue, but shares fell over 2% in pre-market trading this

00:07morning. Here's why. Despite beating Wall Street's estimates, Nvidia revealed zero sales of its H20

00:13chips in China. That's a $50 billion market at risk, and investors reacted. Still, Nvidia's

00:19data center sales jumped 17% thanks to its Blackwell AI platform. CEO Jensen Huang is

00:26calling AI a new industrial revolution, and Wedbush analyst Dan Ives is saying clearly any dip is a

00:33buying opportunity, predicting Nvidia could hit a $5 trillion valuation in 2026. So are you seeing

00:40this dip as a buying opportunity, or will China risk weigh on Nvidia long term?

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