With markets on edge over AI bubble fears, chip stocks shudder as investors send Nvidia down 3% despite 56% growth in data center revenue

Nvidia projected third-quarter revenue of $54 billion, plus or minus 2%, not assuming any future sales of its H20 AI chips to China, which have been affected by recent export restrictions and U.S. policy shifts. The company also announced an aggressive $60 billion stock repurchase program, underscoring management’s confidence in continued growth and cash generation.

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