NVIDIA reported revenue for the second quarter ended July 27, 2025, of $46.7 billion, up 6% from the previous quarter and up 56% from a year ago. NVIDIA’s Blackwell Data Center revenue grew 17% sequentially.

There were no H20 sales to China-based customers in the second quarter. NVIDIA benefited from a $180 million release of previously reserved H20 inventory, from approximately $650 million in unrestricted H20 sales to a customer outside of China.  

For the quarter, GAAP and non-GAAP gross margins were 72.4% and 72.7%, respectively. Excluding the $180 million release, non-GAAP gross margin for the quarter would have been 72.3%.  

For the quarter, GAAP and non-GAAP earnings per diluted share were $1.08 and $1.05, respectively.

(China Daily) Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country's most valuable onshore stock, highlighting the shifting drivers of China's economic growth, analysts said.  

On Wednesday, Cambricon's shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of "stock king". The stock later closed at 1,372.1 yuan, up 3.24 percent from the previous day.

(Xinhua) China's State Council has approved a plan to accelerate the opening-up and innovation of the entire biopharmaceutical industrial chain in the Jiangsu pilot free trade zone (FTZ), according to the Ministry of Commerce on Wednesday.

(China Daily) The world's largest transparent spherical neutrino detector completed its liquid filling and began data taking in Jiangmen, South China's Guangdong province, on Tuesday, marking a significant step in frontier studies of particle physics, astrophysics and cosmology.

(Xinhua) China will promote the high-quality development of the satellite communication industry by optimizing business access, according to a set of guidelines unveiled by the Ministry of Industry and Information Technology on Wednesday.

(China Daily) Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China's consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives.

(China Daily) China's commitment to cultivating new quality productive forces through scientific and technological innovation, as reiterated by President Xi Jinping, will help the country gain a competitive edge in strategic emerging fields and tech frontiers, and contribute to global economic growth, said experts and company executives.

(China Daily) Chinese vaccine company Sinovac Biotech Ltd announced on Monday that its newly developed adsorbed tetanus vaccine has officially obtained approval from the National Medical Products Administration, marking a milestone in the company's push to expand its presence in the trauma care sector.  

The vaccine features aluminum hydroxide adjuvants with a particle size of just 300 nanometers, far smaller than the 1 to 10 micrometer range of traditional adjuvants.

(Xinhua) China's State Taxation Administration on Friday released value-added tax (VAT) invoice data for the period from April 2024 to July 2025, which reveals that the equipment-renewal program and consumer goods trade-ins have played an active role in facilitating industrial upgrading and transformation, boosting consumer demand, and improving economic circulation.  

In the said period, the nationwide enterprise purchases of machinery equipment increased by 7.3 percent year on year.

(China Daily) China's exports of home appliances grew steadily in the first half of the year, with emerging markets including Latin America, the Middle East and the Association of Southeast Asian Nations showing an upward trajectory, according to a report by an industry association.
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