Nvidia Sets Sales Record but Stock Falls in After-Hours Trading

Nvidia once again reported record sales in its latest quarterly earnings, beating Wall Street’s expectations even as its stock slipped in after-hours trading.

The Chinese government is reportedly pressuring domestic companies not to buy Nvidia’s H20 AI processors over national security concerns.

Some analysts were seeking clarity from CEO Jensen Huang on reports that the Chinese government is pressuring domestic companies not to buy Nvidia’s H20 AI processors over national security concerns.

Meanwhile, the Trump administration has signaled it wants more in return for the hundreds of billions of dollars the government spends annually with defense contractors.

Unlike Intel, however, major defense companies may be better positioned to resist those demands.

For example, billionaire SpaceX founder Elon Musk may have stronger leverage to deny Washington concessions. SpaceX is the world’s top launch provider and operator of low-Earth orbit satellites — and already maintains a robust balance sheet.