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Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI

Nvidia's blowout earnings report shows chipmaker is gobbling up all the profit in AI

Nvidia is on a tear, and it doesn’t seem to have an expiration date.

Nvidia makes the graphics processors, or GPUs, that are needed to build AI applications like ChatGPT. In particular, there’s extreme demand for its highest-end AI chip, the H100, among tech companies right now.

Nvidia’s overall sales grew 101% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it…


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