Nvidia's 'Zero-China' Quarter: With This Baseline, What Happens When China Returns?

Nvidia Corporation delivered record revenues and EPS, beating consensus, despite zero China sales and a slight Data Center revenue miss. Guidance remains robust, with Q3 revenue set above consensus and margins expanding, even as growth normalizes and China remains excluded. Nvidia's unmatched AI ecosystem, market share, and Blackwell ramp-up underpin its dominant position and justify premium valuation multiples.