Nvidia sees revenue surge from AI
Nvidia, the American company leading the artificial intelligence chip industry, announced a significant increase in its revenues driven by rising demand for AI-related computing capabilities. During its second fiscal quarter ending July 26, 2026, the company achieved revenues of over double the amount compared to the previous year, reaching $96.2 billion, with net profits soaring by 126% to $59.7 billion. The company projects its third-quarter revenues to reach approximately $108 billion, with a gross profit margin of about 74%. Despite these positive results, Nvidia's stock declined by 1% at the start of trading, as investors anticipate rapid growth and high earnings—especially amid increasing demand from major tech firms, which are expected to spend over $730 billion on AI infrastructure this year, a record figure. Nvidia is now the most valuable company by market capitalization, valued at $5.07 trillion, marking a significant shift from primarily manufacturing gaming graphics cards to supplying chips and servers to support large AI models.
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