Nvidia posts record Q2 results, forecasts $108B revenue

Nvidia reported record quarterly revenue and net profit for the three months ending in July, with revenue reaching $96.221 billion, roughly 2.1 times higher than the same period last year. Net profit surged about 2.3 times to $59.688 billion, driven by strong demand for data center semiconductors, exceeding market expectations. The company forecast revenue of $108 billion for August through October, also surpassing forecasts. CEO Jensen Huang emphasized accelerating AI demand and a "golden age" for new AI startups, stating AI infrastructure construction is proceeding at full speed globally.