Stocks
Nvidia Revenue Surges Past $96B as AI Infrastructure Spending Remains Strong
Nvidia's latest quarterly results show that its high-end artificial intelligence chips are in high demand.
The company reported net income of $59.69 billion for the May-July period, a significant increase from last year's $26.42 billion.
Earnings per share were $2.46, well above the $2.09 per share forecast by Wall Street analysts.
Nvidia's revenue more than doubled to $96.22 billion, surpassing analyst expectations of $92.27 billion.