Plus, the FDA approves a milestone cancer drug and Google moves its AI responsibility team.
Nvidia's results on Wednesday afternoon gave its investors another roller coaster ride, highlighting just how high the expectations for AI and its favorite chip designer have gotten on Wall Street.
Nvidia Corporation delivered solid top- and bottom-line beats for Q2, with Data Center revenues more than doubling. Solid guidance showed that NVDA growth remains strong despite ever-increasing year-ago comparison numbers. The valuation here is the cheapest compared to Intel and Advanced Micro Devices, even with the best sales growth.
Nvidia‘s latest quarterly results once again blew past Wall Street's expectations as revenue for the computer chip company's high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong.
This is a developing story. Check back for updates.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) forecast third-quarter revenue above Wall Street estimates on Wednesday, extending a run of blowout results driven by insatiable demand for its AI chips. The chipmaker's stock fell about 1.3% in after-hours trading despite the beat, as investors weighed guidance that assumes no data center compute revenue from China.
Nvidia (NVDA) stock was down over 1% in after-hours trading after the firm posted its earnings report. Nvidia reported record second-quarter fiscal 2027 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, as demand for AI infrastructure continued to accelerate.
The chips giant reported record sales of $96.2 billion, beating estimates by 4%, but its stock was flat amid market jitters over AI spending.
Ahead of NVIDIA‘s (NASDAQ:NVDA | NVDA Price Prediction) second-quarter earnings report scheduled for Wednesday, August 26 at 4:20 PM ET, Jim Cramer used a CNBC Squawk on the Street segment with David Faber to question the roughly $30 billion Nvidia has invested in OpenAI, and whether that capital is buying loyalty or financing a rival.
On CNBC's Squawk on the Street on August 25, 2026, Jim Cramer said something that, at first, reads like praise and, on closer inspection, is a complaint.
Bank of America Securities semiconductor analyst Vivek Arya used a Wednesday morning CNBC Squawk Box appearance to share what he's watching in NVIDIA's (NASDAQ:NVDA | NVDA Price Prediction) Q2 earnings tonight when the company reports at 4:20 PM ET.
Pre-market futures are basically mixed at this hour, following a truckload of economic data hitting the tape a few minutes ago. The all-important price indexes from the U.S. Bureau of Economic Analysis (BEA), including a first update on Q2 Gross Domestic Product (GDP).