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NVIDIA's revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues

Top stories today:

  1. NVIDIA's revenue +94% to $35.1B, as AI chip boom continues
  2. DOJ asks court to force Google to sell Chrome, restrict Android
  3. FTX co-founder Wang gets no jail time over crypto fraud
  4. xAI said to have raised $5B at $50B, with $100M annualized revenue

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):

1. NVIDIA’s revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues

  • Q2: revenue was +122% to $30.0B, net income +168% to $16.6B.

  • Guidance of $37.5B in revenue for the next quarter, vs. $37.1B in estimates.

  • 13K samples of Blackwell chip have been shipped to customers, NVIDIA CFO said.

  • NVIDIA stock was -1% to $144.16 ($3.61T market cap) after the bell.

3. DOJ asks court to force Google to sell Chrome, restrict Android from favoring search engine

4. FTX co-founder Wang gets no jail time over crypto fraud

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