Thanks to the AI boom: chip giant Nvidia doubles its sales
Despite strong growth in sales and net profit, investors in Nvidia are initially hardly impressed by the quarterly figures.
Nvidia reported a significant increase in revenue and net profit for its second fiscal quarter, which ended on July 26. The company's revenue rose to $96.2 billion, more than double the amount from the previous year, and its net profit grew by 126% to $59.7 billion. Despite this, the company's stock price fell by nearly 1% after-hours trading.
Nvidia expects revenue to grow to $108 billion in the third quarter, and its operating margin is expected to be around 74%. The company's market value is currently $5.07 trillion, making it the world's most valuable company.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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