Nvidia's Q2 profit soars 126% to $59.7B, but shares dip on growth doubts

Nvidia's net profit surged 126% year-over-year to $59.7 billion in its fiscal second quarter, beating analyst forecasts, yet its shares dipped slightly in after-hours trading amid concerns about sustaining growth. Revenue reached $96.2 billion, up 106% from a year earlier, with earnings per share of $2.22 exceeding the $2.09 projection. CEO Jensen Huang emphasized accelerating AI demand, calling it a "turning point" with productive and profitable applications. Investor skepticism stems from doubts about maintaining this pace and worries that heavy spending on AI infrastructure may be artificially inflating demand, according to analyst Jacob Bourne of eMarketer.