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Technology - August 29, 2025

Nvidia Surpasses $46.7B in Q2 Revenue Amidst AI Infrastructure Boom and China Trade Tensions

Nvidia Surpasses $46.7B in Q2 Revenue Amidst AI Infrastructure Boom and China Trade Tensions

Nvidia announced impressive financial results for Q2 2023, with a significant surge in revenue to $46.7 billion – marking a 56% increase from the previous year. However, despite this stellar performance, the company’s shares experienced a decline in after-hours trading due to investor concerns over trade tensions between the US and China.

During the three-month period ending July, Nvidia’s data center business generated $41.1 billion, representing a 56% year-on-year growth albeit slightly below analysts’ expectations.

CEO Jensen Huang revealed that the world’s four leading tech companies are collectively investing $600 billion annually in artificial intelligence (AI) infrastructure, doubling their spending from before. During a conference call following the report’s release, Huang stated, “Over time, AI is expected to boost global GDP growth, with Nvidia playing a substantial role in providing the necessary AI infrastructure.”

A significant portion of this spending is attributed to tech giants such as Meta, which operates platforms like Instagram and Facebook, and OpenAI. Both companies heavily rely on Nvidia’s high-end chips for powering their AI systems and developing new models.

Despite facing challenges stemming from the return of US President Donald Trump to office and tightened restrictions on chip exports to China, Nvidia managed to exceed revenue projections. The administration has expressed concerns that advanced semiconductors could potentially aid China’s military efforts.