Nvidia Crushes Q2 Estimates as AI Demand Surges

Nvidia is reporting second-quarter revenue of $96.2 billion, up 106% from a year ago, with its critical data-center business surging 117% to $89 billion, according to the company's earnings release. Adjusted earnings came in at $2.22 per share, and Nvidia forecast roughly $108 billion in third-quarter revenue. CEO Jensen Huang said the AI boom has reached an "inflection point," with demand accelerating across the industry. Shares closed the regular session down about 1.6% and dipped further immediately after the report, before reversing course and rallying more than 4% in after-hours trading as investors weighed the strong outlook. The results underscore Nvidia's dominant position at the center of the artificial intelligence buildout reshaping global markets.