GoKawiilNvidia posts $96bn quarterly revenue, more than double last year's
Nvidia reported second-quarter revenue of $96bn, over twice what it earned a year earlier, driven largely by its data centre business which brought in $89bn, up 117% year-on-year. The company forecasts $108bn in revenue next quarter, and shares rose about 4% in after-hours trading following results that beat Wall Street estimates.
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Nvidia's chips underpin the AI infrastructure of virtually every major tech company, and the firm has now also become a financial backer of AI startups like OpenAI and Anthropic, deepening its influence over the industry's direction. With a market value above $5tn and heavy weight in US stock indexes, Nvidia's performance has outsized effects on broader markets, even as rivals and Chinese competitors slowly emerge.
- Nvidia's revenue more than doubled year-on-year to $96bn, beating forecasts
- Data centre sales of $89bn show how central Nvidia hardware is to AI buildouts
- Nvidia now invests in AI firms like OpenAI and Anthropic, expanding its industry role
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Published there as: “Nvidia revenue doubles on continued AI demand”
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