Nvidia posts record profit and revenue amid AI chip boom
Nvidia has reported record profits and revenue, driven by high demand for its AI chips. The company announced a profit of $58.3 billion and revenue of $81.6 billion for the February-April period. Despite these impressive results, Nvidia's stock saw a slight decline in after-hours trading, reflecting high market expectations.
- ▪Nvidia's profit increased by 37 percent from the previous quarter and over 200 percent year-on-year.
- ▪The company's revenue jumped 20 percent from the prior quarter and 85 percent compared to the same period in 2025.
- ▪Nvidia plans to buy back $80 billion in shares and raise its quarterly cash dividend from $0.01 to $0.25 per share.
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Economy|TechnologyNvidia posts record profit and revenue amid AI chip boomChip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.ListenListen (4 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoNvidia's Groq 3 chips are displayed at the company's GTC conference in San Jose, California, the United States, on March 17, 2026 [Max A Cherney/Reuters]By John PowerPublished On 21 May 202621 May 2026Nvidia has announced record quarterly profit and revenue amid explosive demand for its advanced AI chips.The US tech behemoth said on Wednesday that profit soared to $58.3bn for the February-April period, up 37 percent from the previous quarter and more than 200 percent…
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