Nvidia's May-July sales hit $96.2 billion, doubling year over year.
This beat the $92.2 billion market forecast.
Shares still fell 2% in after-hours trading.
What happened
Nvidia reported sales of $96.2 billion for the May-July period, double the previous year and above the market consensus of $92.2 billion. Despite the beat, shares fell 2% in after-hours trading.
Why it matters
The growth was driven by strong AI data center investment from major US tech companies, pushing semiconductor sales higher. The stock dip suggests investors may have expected even more or are concerned about sustainability.
What to watch
Nvidia's net profit for the period was not disclosed in the available portion of the article. Future guidance and demand trends from hyperscalers will be key.
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Nvidia's latest quarterly results show continued explosive growth, with sales doubling to $96.2 billion, driven by heavy AI data center spending from major US tech firms. The figure surpassed the market consensus of $92.2 billion, yet the stock declined 2% in after-hours trading. This disconnect suggests investors may have priced in an even stronger performance or are weighing future risks such as supply constraints or demand normalization. The article notes this is a members-only story, leaving further details about net profit and management commentary unavailable.
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