NVIDIA is (really) profiting from the AI boom
SMRTR summary
NVIDIA's Q2 revenue soared 56% year-over-year to $46.7 billion, maintaining its AI chip market dominance. Despite Chinese restrictions costing $8 billion in potential sales, the company reported $26.4 billion net income. Blackwell-based AI chip sales rose 17% to $27 billion, half of data center revenue. NVIDIA is reportedly developing an advanced chip for China to replace the restricted H20.
SMRTR provides this summary for quick context. The original article belongs to Engadget.
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