Nvidia reported fiscal second-quarter revenues of $96.22 billion, a 106% year-over-year increase, driven by massive demand for artificial intelligence infrastructure.
Key points
- Net profits surged 126% compared to the same period in the previous fiscal year.
- Data center revenues reached $89 billion, reflecting a 117% increase.
- Despite beating Wall Street expectations, Nvidia shares fell roughly 1.2% in after-hours trading.
Why it matters
Nvidia's financial performance serves as a primary bellwether for the global artificial intelligence infrastructure market and broader technology sector sentiment.
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