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The semiconductor pioneer Nvidia (NVDA) navigated a turbulent geopolitical backdrop to deliver second-quarter results that modestly outpaced expectations last week. The earnings came just two weeks after the company agreed to remit 15% of H20 chip sales to China to the U.S. government, reflecting ongoing trade sensitivities.
Earlier, Nvidia had warned of an $8 billion second-quarter loss after President Donald Trump announced an April ban on chip sales to China, a restriction later rescinded. The company sold no H20 chips to Chinese customers yet booked $180 million by releasing inventory to a customer outside China.
