Nvidia doubles profit and revenue, but investors shrug

Nvidia reported quarterly earnings on Thursday, showing revenue and net profit more than doubled year-over-year, yet investors remained unimpressed and the stock dipped slightly in after-hours trading. Revenue for the quarter ending July 26 reached $96.2 billion, more than double the prior year, with net profit up 126% to $59.7 billion. The company forecast third-quarter revenue of $108 billion, slightly above analyst expectations. Nvidia dominates the AI chip market, driven by sustained demand for computing power. However, investors accustomed to rapid growth and high margins were hard to satisfy, with shares falling nearly 1% after hours.