GoKawiil
Tech News
Nvidia reported fiscal second-quarter net income of $59.69 billion, or $2.46 per share, for the May-July period, exceeding Wall Street forecasts. The results were driven by continued strong sales of the company's high-end AI chips, which remain central to the ongoing buildout of artificial intelligence infrastructure.
CrowdStrike beat Wall Street expectations for its fiscal second quarter, posting adjusted earnings of 31 cents per share and revenue of $1.47 billion, up 26% year over year. Annual recurring revenue climbed 25% to $5.84 billion, and the company swung to net income of $5.3 million from a loss a year earlier. Shares rose more than 11% in after-hours trading following the results and raised guidance.
Nvidia has increasingly used investments and financing arrangements with AI companies to help drive demand for its chips, effectively acting as a lender and investor to firms that buy its hardware. This financial engineering supports near-term revenue growth but ties Nvidia's fortunes more closely to the success of the AI startups it backs.