{
  "id": 5329352,
  "title": "Nvidia doubles its sales, but investors have their eye on the future",
  "url": "https://urgent.news/2026/09/03/nvidia-doubles-its-sales-but-investors-have-their-eye-on-the-future",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T12:39:07.000Z",
  "source": {
    "name": "Egypt Independent",
    "slug": "egypt-independent",
    "url": "https://www.egyptindependent.com/nvidia-doubles-its-sales-but-investors-have-their-eye-on-the-future/"
  },
  "original_language": "en",
  "account": "New York — Nvidia's earnings surpassed expectations, with revenue doubling from a year ago, catching the attention of investors. The chipmaker thrives amid the AI boom, generating $96.2 billion in earnings for the latest quarter, a 106 percent increase from the previous year. Sales to data centers accounted for the majority of its revenue, soaring 117 percent to $89 billion. However, investor interest only spiked after Nvidia's earnings call on Wednesday evening, when CFO Colette Kress forecasted a 70 percent growth in fiscal 2028 income, significantly exceeding analysts' expectations of 45 percent. Nvidia's shares climbed over 4 percent after-hours, marking a turnaround after initial declines following the earnings release. The company's confidence in AI's growth and its pivotal role in the industry has driven its stock performance. Nvidia CEO Jensen Huang emphasized that every participant in the AI revolution will need to build infrastructure. In a bid to fuel AI infrastructure, Nvidia and Amazon announced a deal to integrate Nvidia's semiconductor chips into Amazon's data centers, adding 2 million Nvidia GPUs to AWS's existing 1 million GPUs. This circular financing strategy has drawn criticism, with concerns that AI demand may be artificially inflated. Despite strong earnings, Nvidia shares have shown modest gains this year, mirroring the broader market. However, as hyperscalers like Meta, Microsoft, and Google invest heavily in AI infrastructure, investors are questioning whether these significant expenditures will yield sufficient returns or if they should scale back their spending. Nvidia's partnership with Wall Street firms to offer customers borrowing options for its AI products has raised further concerns about the sustainability of this financing strategy. CEO Jensen Huang acknowledged that while Nvidia's chips will likely power AI data centers globally, other tech giants may challenge Nvidia's dominance in this rapidly evolving landscape.",
  "summary": "New York — Nvidia’s earnings beat expectations and its revenue doubled from a year ago, but it was the potential for future growth that excited investors. The chipmaker has seen soaring revenue sitting at the head of the AI boom. The company earned $96.2 billion in the most recent quarter, a 106 percent rise from a … The post Nvidia doubles its sales, but investors have their eye on the future…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}