Chip giant Nvidia has reported record revenue of $46.74 billion for the quarter ending in July, marking a 56% increase compared to the same period last year. The company’s profit reached $26.42 billion, reflecting a year-on-year growth of 59%.
These results highlight the strong interest and high demand for Artificial Intelligence (AI) technologies, which have revolutionized the global technology and stock markets.
Nvidia CEO Jensen Huang stated that production of the new Blackwell Ultra platform, which uses the company’s most advanced chips, is expanding at “full speed” and that demand for the products is “extraordinary.”
“The AI race has begun, and Blackwell is at the center of it,” Huang emphasized, signaling Nvidia’s confidence in maintaining its leading position in the field.
