Nvidia Hits Record $46.7B Quarterly Revenue Amid AI Boom
Nvidia has reported a record $46.7 billion in revenue for its second fiscal quarter, marking a 56% increase from the same period last year. The surge reflects continued demand for the company’s high-performance GPUs, which are foundational to AI model training and inference. Though analysts noted a more cautious near-term outlook, confidence remains strong, with many raising price targets on Nvidia’s stock.
Nvidia’s dominance in AI hardware underlines the sector’s growth, and its momentum reinforces the central role of compute power in the future of AI.
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