Nvidia Stock Surges 19% in Month, Topping $96 Billion in Revenue

Nvidia's stock price has surged 19% in just one month, turning a £5,000 investment into almost £6,000. This growth comes after investors lost interest in the AI juggernaut about a year ago, causing its share price to stall.

The recent second-quarter revenue more than doubled year on year to $96.2bn, beating Wall Street's expectations and coming from the Data Centre unit where revenue soared 117%.

Nvidia CEO Jensen Huang said AI has reached an 'inflection point' with its tokens being productive and profitable, leading to a massive buildout of AI infrastructure.