Nvidia’s shares surged nearly 10% in after-hours trading, driven by strong demand for AI chips. Q2 earnings of $13.5 billion, an 88% increase from Q1, far exceeded predictions. Earnings per share stood at $2.48, up 854% YoY, surpassing estimates. Nvidia’s AI focus and projected Q3 revenue of $16 billion contributed to its trillion-dollar valuation alongside Apple, Microsoft, and others.
‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue crushes estimates
