Key takeaways
- Nvidia's shares have stalled, while its business hasn't.
- In its fiscal second quarter, which ended July 26, Nvidia generated $96.2 billion in revenue, up 106% from a year earlier.
- Management expects third-quarter revenue of approximately $108 billion, representing another 12% sequential increase at the midpoint.
Nvidia's shares are roughly 22% below their all-time high, even though its fiscal second-quarter revenue rose 106% to $96.2 billion, with data center revenue up 117% to $89 billion. Management guided to about $108 billion in third-quarter revenue, roughly 12% more than the second quarter, and the company says its Vera Rubin platform is in full production.
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