Nvidia says quarterly revenue doubled as AI chip demand stayed strong
The chipmaker reported a $96 billion quarter that topped expectations, underscoring continued demand for hardware used to run artificial intelligence systems.
Nvidia said revenue more than doubled in its latest quarter, with sales reaching $96 billion as demand for artificial intelligence hardware remained strong. The results, released on Wednesday, came in above Wall Street forecasts.
The company’s figures point to sustained spending on chips and related equipment used to train and run AI systems. Nvidia has been one of the main beneficiaries of that surge, with its processors widely used by cloud providers and other large technology customers.
The latest update adds to a run of strong results for the chipmaker as investors watch whether the AI buildout can keep supporting rapid growth. Nvidia did not indicate any slowdown in demand in the figures cited.
The report comes amid broader industry investment in AI infrastructure, including data centres, model hosting and software tools, as companies across the sector expand capacity.
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