Chip manufacturer: Nvidia doubles revenue and profit
Despite strong growth in sales and net profit, investors in Nvidia are initially hardly impressed by the quarterly figures.
Nvidia's revenue surged to $96.2 billion in its second fiscal quarter, which ended on July 26, more than double the amount from the previous year. The company's net income rose 126% to $59.7 billion. Nvidia forecasts revenue of $108 billion for the current quarter, with an expected operating margin of 74%. The company's stock price initially fell by almost 1% after hours, despite the strong results. Nvidia's market value is now $5.07 trillion, making it the world's most valuable company.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
