U.S. chipmaker Nvidia posted revenue of $46.7 billion for the second quarter of fiscal 2026, up 56% from the same period last year and surpassing market expectations, the company announced Wednesday.
The company’s net profit also jumped 59% to $26.4 billion, compared with $16.6 billion in the same quarter last year. Earnings per share rose from $0.67 to $1.08.
Revenue from Nvidia’s data centre segment climbed 56% year-on-year to $41.1 billion, slightly below analysts’ forecasts. The company noted that no H20 chips were sold to China-based customers during the quarter.
Looking ahead, Nvidia expects revenue of $54 billion for the current quarter.
In a separate move, the company’s board approved an additional $60 billion for its share buyback programme, effective indefinitely.
CEO Jensen Huang highlighted the company’s role in the artificial intelligence sector, stating that the Artificial Intelligence (AI) race has begun and Nvidia’s newest Blackwell AI chip is at the centre of this competition.
AnewZ has premiered The Oligarch’s Design, a long-form investigative documentary marking the launch of AnewZ Investigations, the channel’s new edi...
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip....
The United States says it is working to secure a renewed ceasefire between Thailand and Cambodia, expressing cautious optimism that an agreement could...
Uzbek President Shavkat Mirziyoyev’s official visit to Tokyo represents more than a strengthening of bilateral relations; it is a strategic step tha...
Iran has called for greater international support in hosting millions of Afghan refugees, warning that it is becoming increasingly difficult to manage...
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip.
Uzbek President Shavkat Mirziyoyev’s official visit to Tokyo represents more than a strengthening of bilateral relations; it is a strategic step that broadens the economic and diplomatic horizons of the region.
The foreign ministers of Cambodia and Thailand have told Chinese Foreign Minister Wang Yi that they are willing to pursue a ceasefire, as tensions flared along parts of the two countries’ shared border.
Kazakh President Kassym-Jomart Tokayev’s first official visit to Japan marks a notable moment in relations between the two countries, reflecting a shared interest in deepening cooperation.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
U.S. President Donald Trump delivered a wide-ranging address from the White House in which he sought to highlight what he described as his administration’s achievements while laying the groundwork for his plans for the year ahead and beyond, on Wednesday (18 December).
China’s core artificial intelligence (AI) industry is projected to surpass 1.2 trillion yuan in 2025 (about $170 billion), up from more than 900 billion yuan in 2024, according to a new industry assessment.
Time Magazine has chosen the creators behind artificial intelligence as its 2025 Person of the Year, highlighting the technology’s sweeping impact on global business, politics and daily life.
Children are forming new patterns of trust and attachment with artificial intelligence (AI) companions, entering a world where digital partners shape their play, their confidence and the conversations they no longer share with adults.
The International Robot Exhibition (IREX) opened in Tokyo on 3 December, bringing together visitors to explore robotics applications for industry, healthcare, logistics, and everyday life.
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, introduced the SAFE CHIPS Act on Thursday, aiming to prevent the Trump administration from easing restrictions on China’s access to advanced artificial intelligence (AI) chips for a period of 2.5 years.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment