Nvidia doubles revenue and profit double as AI chip demand

Nvidia more than doubled both its revenue and net profit in the second quarter of fiscal 2026, driven by sustained high demand for AI computing power. The company's CEO sees this growth as only the beginning of a lasting boom. The chipmaker reported revenue of $96.2 billion and a net profit of $59.7 billion, both more than double year-over-year figures. CEO Jensen Huang stated AI infrastructure expansion is running at full speed, with demand rising rapidly and physical AI gaining strong momentum. Nvidia's market value reached $5.07 trillion, making it the world's most valuable company. The firm is focusing on its new Vera Rubin processor architecture for future growth, designed for agentic AI, with production reportedly running at high capacity.