Nvidia’s Q2 revenue tops $96.2 billion on strong AI chip demand

Nvidia‘s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong. The company reported on Wednesday net income of $59.69 billion, or $2.46 per share,

The chipmaking giant, widely considered a bellwether for the AI market, crushed analysts’ expectations with $96.2 billion in quarterly revenue.

The company reported net income of 59.69 billion US dollars (£43.9 billion), or 2.46 dollars (£1.80) per share, for the May-July period.

Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong

Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been t