Nvidia reported fiscal second-quarter revenue of $46.7 billion, a 56% increase from a year earlier and ahead of Wall Street forecasts. Adjusted earnings per share reached $1.05, also topping estimates, as demand for artificial-intelligence processors drove data-center revenue to $41.1 billion. For the current quarter the company projected revenue of about $54 billion, plus or minus 2%. The outlook assumes no shipments of its export-controlled H20 chips to China after none were recorded last quarter. Chief Financial Officer Colette Kress told analysts that if geopolitical tensions subside Nvidia could ship $2 billion to $5 billion of H20 products to China in the period, but the guidance excludes that upside. Kress said cloud and enterprise customers are on pace to spend roughly $600 billion on data-center infrastructure in 2025, while Chief Executive Officer Jensen Huang forecast $3 trillion to $4 trillion in global AI-infrastructure investment by the end of the decade. Nvidia’s board approved an additional $60 billion for share repurchases. Shares slipped about 2% to 3% in early U.S. trading as investors weighed the solid results against the softer-than-hoped guidance and continuing China uncertainty. Even so, several brokerages raised their price targets, citing the rapid ramp-up of the company’s Blackwell chips and its dominant position in AI hardware.