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Financial Times
Nvidia projects 70% sales growth next year as AI boom shows no sign of slowing
Nvidia's revenue surged to $96.2 billion for the quarter ending in July, prompting a forecast of 70% sales growth for the next year, driven by exceptional demand for AI computing power. The company's data center revenue saw a 117% year-on-year increase, highlighting the increasing deployment of Nvidia's GPUs in AI applications. However, supply constraints may limit revenue growth as demand continues to rise ahead of heightened competition and costs associated with memory chip shortages.
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Published 26 Aug 2026, 22:40 UTC3 min read
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Summary
TL;DR
- Nvidia reports $96.2 billion revenue for Q2.
- Sales forecast predicts a 70% growth for next year.
- Data center revenue up 117% year-on-year.
- Amazon to deploy additional 2 million Nvidia GPUs.
- Net income reached $59.7 billion this quarter.
Interesting facts
- Nvidia's advanced semiconductors are integral in training AI models.
- The company's commitment with suppliers has accelerated to $279 billion.
- Nvidia's financial backing is enabling AI infrastructure development among startups.