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Wed, 26 Aug 2026

Wed, 26 Aug 2026 Nvidia revenue doubles on continued AI demand

Chipmaker's $96bn quarter beat forecasts as demand for AI hardware continues to accelerate.

* Nvidia's revenue has increased significantly, reaching $96 billion in the second quarter and exceeding expectations.
* This represents a 125% increase from the same period last year and more than double the revenue for the same period.
* The company's data center division generated $89 billion, up 117% from last year.
* Nvidia's growth is driven by its role as a key player in the AI infrastructure market, with many major tech companies relying on its chips to build AI systems.
* Despite growing competition, Nvidia's financial success and processors are central to the AI boom, powering data centers used to train and run AI models.
* The company has become a backer of other companies working on AI infrastructure, providing funding to OpenAI, Anthropic, and SpaceX.
* Nvidia's market capitalization exceeds $5 trillion, making it the world's most valuable firm.