Nvidia Reports Strong Quarterly Profits

Nvidia Corporation reported its financial results for the second quarter, exceeding previous estimates. The company expects revenue to be around $28 billion, with a 2% margin of error. Profit rose significantly, reaching $14.9 billion, a 628% increase from the same period last year. In a separate report, Nvidia's net income increased more than sevenfold compared to the previous year, while revenue tripled to $26.04 billion. The company's CEO, Jensen Huang, described this growth as the beginning of "the next industrial revolution". Additionally, Nvidia reported its first-quarter fiscal year 2025 results, bringing in $26 billion in revenue and a net profit of $14.88 billion, up from $2 billion in the same period last year. This exceeded investors' expectations of $24.65 billion in revenue and earnings per share of $5.59.