Nvidia posted record quarterly revenue with a 56% year-over-year increase, largely driven by data center growth, yet narrowly missed estimates leading to a modest share decline. The company faces regulatory and geopolitical hurdles, notably zero sales of its advanced H20 AI chips to China amid U.S. export restrictions. Chinese competitors like Cambricon report exponential revenue growth fueled by these controls, signaling a shifting competitive landscape. Nvidia’s strategic focus includes linking data centers via Spectrum-XGS to mitigate risks associated with mega AI campus deployments.