Nvidia reported fiscal second-quarter revenue of $46.7 billion and adjusted earnings of $1.05 a share, topping Wall Street forecasts of $46.23 billion and $1.01 respectively. Despite the headline beat, the stock fell roughly 4-5 percent in late trading as investors focused on a slender shortfall in data-center sales, the company’s largest business line. Data-center revenue rose 56 percent from a year earlier to $41.1 billion but came in just below the $41.29 billion analysts expected. Gaming sales climbed 49 percent to $4.3 billion, while gross margin reached 72.7 percent. Nvidia said demand for its new Blackwell chips is ‘extraordinary’, yet confirmed it recorded no sales of its H20 AI processor to China during the quarter after U.S. export-licence delays. The company approved an additional $60 billion share-repurchase program and guided for third-quarter revenue of about $54 billion, plus or minus 2 percent—slightly ahead of consensus— with non-GAAP gross margin projected near 73.5 percent. The outlook does not assume any H20 shipments to China. With a market value of about $4 trillion, Nvidia carries significant weight in major equity benchmarks and has been a bellwether for the broader artificial-intelligence rally. Options markets had priced in an earnings-day swing of roughly 6 percent; the post-report decline suggests investors wanted a clearer upside surprise from the data-center unit that has powered the company’s meteoric growth.