Nvidia once again saw its revenue and profit rise hard in the second quarter, exceeding expectations.
In the second quarter, Nvidia posted revenue of $30.0 billion, 122% more than in the same period last year.
Net profit rose 168% year-on-year to $16.6 billion.
Data centre revenue grew 154% in the second quarter from a year ago to $26.3 billion, courtesy of AI applications.
The gaming business, which includes graphics cards for laptops and PCs, accounted for $2.9 billion.
For the third quarter, Nvidia is counting on sales of $32.5 billion.
Nvidia contributed significantly to the overall profitability of the S&P 500 this year.
Nvidia’s success goes in stark contrast to the managerial chaos at Intel. Board member Lip-Bu Tan has resigned furiously from the board because of exasperation over its risk-averse culture, lagging AI strategy and unconvincing recovery plan.
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