NVIDIA has reported a strong quarterly earnings report, generating $96.2 billion in revenue, beating Wall Street expectations. The company's data center segment brought in $89 billion, accounting for over 92% of total revenue. NVIDIA's daily revenue run rate is approximately $1.06 billion.
The company's stock surged after the announcement, with CEO Jensen Huang stating that AI has reached its inflection point. NVIDIA expects third-quarter revenue to be between $105.8 billion and $110.1 billion.
In other news, Okta's shares jumped over 19% after the company reported strong earnings, with revenue rising 11% to $805 million. The company's subscription revenue was up 12% to $793 million, and its subscription backlog increased 17% to $4.86 billion.
Morgan Stanley has recommended five 'AI sovereignty' stocks, including NVIDIA and Palantir, which they believe will benefit from growing demand for AI technology. NVIDIA was also mentioned as a company that is expected to continue growing due to AI adoption across various industries.
Key Takeaways
['NVIDIA generated $96.2 billion in revenue for the second quarter, beating Wall Street expectations.', "The company's data center segment brought in $89 billion, accounting for over 92% of total revenue.", "NVIDIA's daily revenue run rate is approximately $1.06 billion.", 'NVIDIA expects third-quarter revenue to be between $105.8 billion and $110.1 billion.', "Okta's shares jumped over 19% after reporting strong earnings.", "Okta's revenue rose 11% to $805 million, with subscription revenue up 12% to $793 million.", "Okta's subscription backlog increased 17% to $4.86 billion.", "Morgan Stanley recommends five 'AI sovereignty' stocks, including NVIDIA and Palantir.", 'NVIDIA was mentioned as a company that is expected to continue growing due to AI adoption across various industries.', "Weltrend Semiconductor's fan-control chip sales surged 64%."]NVIDIA daily revenue hits $1.06 billion
NVIDIA generated $96.2 billion in revenue for the second quarter, beating Wall Street expectations. The company's data center segment brought in $89 billion, accounting for over 92% of total revenue. NVIDIA's daily revenue run rate is approximately $1.06 billion. The company's stock surged after the announcement, with CEO Jensen Huang stating that AI has reached its inflection point.
NVIDIA blows past earnings expectations
NVIDIA's quarterly report beat Wall Street expectations, with revenue soaring 106% year-over-year to $96.2 billion. The company's data center business was the real star, with revenue jumping 117% year-over-year to $89 billion. NVIDIA expects third-quarter revenue to be between $105.8 billion and $110.1 billion.
Nvidia reports strong earnings, shares surge
Nvidia's quarterly earnings report showed revenue of $96.2 billion, up 106% from a year ago. The company's data center business drove growth, with revenue up 117% year-over-year. Nvidia's guidance for the current quarter was also strong, with expected revenue of $108 billion.
Okta shares surge on strong earnings
Okta's shares jumped over 19% after the company reported strong earnings. The company's revenue rose 11% to $805 million, with subscription revenue up 12% to $793 million. Okta's subscription backlog increased 17% to $4.86 billion.
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Morgan Stanley recommends five 'AI sovereignty' stocks that have at least 20% upside potential. The stocks are NVIDIA, Palantir, C3.ai, Splunk, and International Business Machines. The analysts believe these companies will benefit from growing demand for AI technology.
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Sources
- NVIDIA Is Now Making $1 Billion Of Revenue Per Day
- The AI Trade Is Back On – Here’s Where to Look Next
- Nvidia Roared. Why Didn't All AI Stocks?
- Okta Shares Surge on Strong Earnings, Growing Demand for AI Identity Security
- Okta’s AI boom just created a new security problem
- AI Disrupts HLA Typing for Transplantation: Investment Activity Accelerates as Genomic Matching Enters a New Era
- AI data center boom lifts Weltrend fan-control chip sales 64%
- Best Agent Sandboxes in 2026: Cold Start, Per-Second Pricing, and Network Policy Across E2B, Daytona, Modal, Cloudflare, and Vercel
- Morgan Stanley says buy these 5 'AI sovereignty' stocks that have at least 20% upside potential
- Amid the 'Lag 7', Nvidia results make it hard to argue AI cycle is running out of room: CIO
- Towards Reliable, Generalizable, and Specific In-Context Knowledge Editing via Multi-Objective Reinforcement Learning
- Retrieve, Match, Escalate: Accurate and Scalable Product Linking with VLM-Distilled Cross-Encoders and Agentic VLMs
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