Nvidia Reports Strong Earnings Amid Limited China Sales and Nasdaq Decline

Nvidia reported a quarterly profit of $4.3 billion, more than doubling previous results and projecting continued growth. Despite US government approval for limited shipments of its H200 semiconductor products to China, Nvidia's CFO Colette M. Kress stated the company has yet to generate revenue from these sales. Meanwhile, Nvidia's stock declined, contributing to a broader Nasdaq selloff despite the strong earnings report.