NVIDIA beats estimates, raises outlook
Innovidia, the American leader in chip technology and computing, reported strong financial results for the second quarter of 2026, with total revenues reaching $96.22 billion, surpassing market expectations of $92.17 billion. Its net profits soared to $53.95 billion compared to $24.76 billion in the previous year. This led to the company's stock price increasing by approximately 4%. The company anticipates continued growth, with potential revenues of up to $108 billion in the upcoming quarter, and a projected 70% growth by 2028, driven by the increasing demand for AI chips from major tech companies, despite challenges posed by fierce competition, rising costs, and supply chain conditions.
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