NVIDIA (NVDA) Projects $54 Billion Q3 Revenue Despite H2O Chip Export Restrictions to China

NVIDIA Corporation (NASDAQ:NVDA) ranks among the best 5G stocks to buy now. NVIDIA Corporation (NASDAQ:NVDA) posted better-than-expected second-quarter results on August 27, although data center revenue fell slightly short of expectations due to U.S. limitations on H20 chip sales to China.

NVIDIA (NVDA) Projects $54 Billion Q3 Revenue Despite H2O Chip Export Restrictions to China

The company reported adjusted earnings per share of $1.04 and revenue of $46.7 billion. NVIDIA’s data center unit, which accounts for the majority of its revenues and is in significant demand for sustaining AI apps, saw revenue increase 56% to $41.1 billion, just missing projections of $41.34 billion.

Looking ahead, NVIDIA Corporation (NASDAQ:NVDA) expects fiscal 2026 third-quarter revenue of $54 billion, surpassing expectations of $52.76 billion. According to the company, the guidance excludes H20 chip shipments to China, adding uncertainty to the chip sales picture in China.

NVIDIA Corporation (NASDAQ:NVDA), a world leader in networking and graphics processing, provides GPUs for the AI, gaming, HPC, and other industries. The company’s products span data centers, gaming, professional visualization, and the automotive markets. The company’s AI-on-5G platform is a standout in the 5G sector.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.