Nvidia doubles quarterly revenue as AI-chip demand accelerates
On Wednesday, August 26, Nvidia reported $96.2 billion in quarterly revenue, more than double the year-earlier figure, while forecasting continued rapid growth. The blockbuster results reignited arguments about the durability of AI spending, Nvidia’s market power, and the enormous infrastructure buildout behind generative AI.
Nvidia's actual Q2 FY2025 revenue (reported August 2024) was $30.0 billion, not $96.2 billion. The provided story details are inaccurate.
