Nvidia Revenue Doubles to $96 Billion Amid AI Infrastructure Boom

Nvidia reported $96 billion in revenue for the second quarter, more than double the amount from the same period last year, driven by rapid global demand for artificial intelligence systems.

The company's data center division generated $89 billion in the period, marking a 117% increase from a year earlier, while Nvidia's total market capitalization has surpassed $5 trillion.

CEO Jensen Huang expects revenue to reach $108 billion in the next quarter, with analysts projecting figures potentially exceeding $110 billion as the firm continues funding major AI developers.