Despite mounting geopolitical challenges, Nvidia has once again asserted its dominance in the AI chip industry, reporting blockbuster earnings and expanding its international presence.
The company’s latest financial results reflect a 69 percent increase in revenue year-over-year, reaching an impressive $44.1 billion in the most recent quarter.
Net income surged 26 percent to $18.78 billion, underscoring Nvidia’s role as the engine behind the global AI boom.
While revenue beat Wall Street expectations, profits came in just under forecast. Even so, investors responded with confidence, pushing Nvidia's stock up more than 5 percent in after-hours trading.
The company now sits as the second most valuable in the world, with a staggering $3.3 trillion market cap, trailing only Microsoft and edging past Apple.