Nvidia posts record profit and revenue amid AI chip boom

Nvidia reported a record quarterly profit of $58.3 billion for the February-April 2026 period, up 37% from the previous quarter and over 200% year-on-year. Revenue reached $81.6 billion, driven by a 92% surge in its data center business. CEO Jensen Huang emphasized that demand for AI has reached unprecedented levels, while the company also announced an $80 billion share buyback and an increase in its quarterly dividend.