Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

‘Only in America’: Trump hails Nvidia’s record $96.2B quarter and Micron’s massive $250B US bet — are you cashing in?

‘Only in America’: Trump hails Nvidia’s record $96.2B quarter and Micron’s massive $250B US bet — are you cashing in?

President Donald Trump lauded Nvidia and Micron Technology for their impressive financial performances, crediting America's economic prowess. Nvidia, a leading artificial intelligence company, reported a record $96.2 billion in quarterly revenue, marking a staggering 106% increase year-over-year. The company's data center business alone generated a mind-boggling $89 billion, a remarkable 117% surge compared to last year.

Net income reached nearly $59.7 billion, and Nvidia projected revenue of around $108 billion for the current quarter, even without accounting for potential sales to China. Trump hailed the achievement as "Only in America!" Micron Technology, another AI sector player, surprised investors by announcing a $10 billion investment in new research labs over the next decade.

Building upon this, Micron has already pledged over $250 billion for manufacturing and research and development across the United States. Trump emphasized that these investments are creating thousands of jobs and reinforcing America's economic strength. The past five years have seen Nvidia's total return surpass 850%, while Micron has surged by nearly 1,200%.

Trump attributed this success to his administration's policies, which have brought critical technologies back to the United States. He declared, "We are strengthening our Economy and WINNING BIG!" The Golden Age of America is HERE. While these companies have delivered enormous returns to investors, past performance doesn't guarantee future results.

For those who want to benefit from the stock market's long-term growth without picking individual stocks, Warren Buffett suggests owning the S&P 500 index fund. This approach offers instant diversification across 500 of America's largest companies, providing peace of mind through a set-it-and-forget-it strategy. Alternatively, platforms like Vanguard's Digital Advisor and WiserAdvisor offer hands-on assistance with investing, retirement planning, and asset allocation.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

More in Finance & Markets

More from Wednesday 2 September →