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Nvidia doubles revenue and profit in the last quarter

Chipmaker Nvidia more than doubled its revenue and net profit in Q2 2023, fueled by growing demand for AI technologies.

27 August 2026Tagblick Newsdesk

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Archive photo: Nvidia doubles revenue and profit in the last quarter — Archive photoPhoto: Poeggi · Wikimedia Commons · CC BY-SA 3.0

Chipmaker Nvidia has doubled its revenue to $96.2 billion and increased its net profit by 126% to $59.7 billion in the last quarter. The company announced these figures in its latest quarterly report, reflecting its positive development driven by the boom in artificial intelligence (AI).

According to Jensen Huang, the CEO of Nvidia, the demand for additional computing power for AI applications in the market remains strong. This demand has been crucial in contributing to the company's record numbers and highlights Nvidia's central role in the emerging AI market.

After some weak weeks, the impressive quarterly figures seem to convince investors, although the stock initially dipped slightly. Market analyses suggest that the outlook for future revenue remains optimistic.

The company states that it plans to surpass $100 billion in quarterly revenue over the next three months. This step is seen as significant for the further development of the company.

In summary, Nvidia, as the most valuable company in the world, is benefiting from the current market development of AI technologies. The presentation of the quarterly figures shows that profits and revenues are at record levels, restoring confidence in the company.

Nvidia's numbers contrast with recent market movements, which initially prompted cautious reactions from investors. Nevertheless, the company, with its new records, remains an important player in the technology market, especially concerning AI applications.

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