Nvidia on Wednesday reported a 56% jump in second-quarter revenue and a 59% rise in net income compared with last year, but its stock slipped in after-hours trading after sales in its key data center division fell slightly short of Wall Street expectations, says the Independent.
The company booked $46.74 bn in revenue for the May–July period and forecasted about $54 bn for the current quarter. Despite the miss in its core unit, Nvidia has been one of the driving forces behind the AI boom that has powered the S&P 500 to record highs this year.
Nvidia’s market...