Nvidia, a leading computer chip manufacturer, announced its financial results for the second quarter of the 2026 fiscal year, surpassing Wall Street's expectations for both revenue and earnings per share (EPS). The company reported a revenue of $46.7 billion, marking a 6% increase from the previous quarter and a 56% rise year-over-year, alongside a net income exceeding $26.4 billion. Nvidia's EPS stood at $1.08 under GAAP and $1.05 for non-GAAP, with a profit margin of approximately 72.4%. Despite these positive results, Nvidia's shares fell by about 3.3% in after-hours trading. With a market capitalization exceeding $4.4 trillion, Nvidia is the largest publicly traded company and plays a crucial role in AI and computing chip manufacturing. The company also addressed concerns regarding its H20 processor sales to China, stating there were no sales in the second quarter due to U.S. export regulations, which have seen recent changes allowing limited sales under specific conditions. Read more AI-generated news on: https://app.chaingpt.org/news

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