Nvidia reported second‑quarter revenue of $96 billion, more than double the $48 billion earned a year earlier, beating Wall Street expectations and sending its shares up 4.7% in...
Nvidia reported second‑quarter revenue of $96 billion, more than double the $48 billion earned a year earlier, beating Wall Street expectations and sending its shares up 4.7% in after‑hours trading. The results come as demand for artificial‑intelligence computing power has increased sharply, driving a substantial expansion of data‑center infrastructure worldwide. The data‑center division generated $89 billion, a 117 percent increase from the prior year. In a prepared statement, CEO Jensen Huang said AI has reached an inflection point and that the infrastructure buildout is proceeding at full speed. Analysts highlighted the performance; senior equity analyst Matt Britzman of Hargreaves Lansdown said the results were exceptionally strong and that the next‑quarter guidance points to revenue above $110 billion. Nvidia's financial strength has led it to provide funding to AI companies such as OpenAI, Anthropic and SpaceX to support their infrastructure costs. Its processors power the data centres used to train and run AI models, contributing to a market capitalisation exceeding $5 trillion. Competition is emerging as some customers develop custom chips and as lower‑cost suppliers in China enter the market, though Nvidia's position remains dominant for now. About 40 percent of the U.S. stock market is concentrated in ten companies heavily invested in AI, underscoring the broader significance of Nvidia's performance. The company projects revenue for the upcoming quarter to exceed $108 billion, indicating continued growth in the AI‑driven market.
- Publisher
- bbc
- Reliability
- high
- Published
- 8/27/2026, 10:00:21 AM
- Retrieved
- 8/27/2026, 10:00:21 AM
- Relevance
- 80%
- Confidence
- 85%

