AI leader Nvidia forecasts third-quarter revenue above estimates

The company said it has not assumed any shipments of its H20 chips to China in the outlook. Nvidia shares have gained more than a third so far in 2025, outpacing the benchmark S&P 500 Index's year-to-date rise of nearly 10%. Still, demand has surged for Nvidia's advanced chips that can speedily process the large amounts of data used by generative AI applications as businesses race each other to dominate the new technology.