Nvidia Announces Financial Results for Second Quarter Fiscal 2024

NVIDIA reported record revenue of $13.51 billion for the second quarter, representing an 88% increase from the previous quarter and a 101% increase from the same period last year. The company also achieved record data center revenue of $10.32 billion, up 141% from the previous quarter and 171% from a year ago. CEO Jensen Huang highlighted the shift towards accelerated computing and generative AI and noted partnerships with major cloud service providers and enterprise IT system providers. NVIDIA also announced plans for additional share repurchases and provided an outlook for the third quarter with expected revenue of $16.00 billion. No controversial or surprising information was mentioned.


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