Nvidia’s latest results and its stock market prominence; A deeper look
By Associated Press
In this photo illustration a Nvidia logo seen displayed on a smartphone. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)
Nvidia reported a 56% increase in second-quarter revenue Wednesday and a 59% rise in net income compared to a year ago. However, sales in its main data center division came in slightly below Wall Street estimates and the stock fell in after-hours trading.
Nvidia and other companies benefiting from the boom in artificial intelligence have been a major reason the S&P 500 has set a number of records this year. Their explosion of profits has helped to propel the market despite worries about the U.S. economy being weakened by tariffs and other policies of the Trump administration.
The company’s journey to be one of the world’s most prominent companies has produced some eye-popping numbers. Here’s a look.
$4.429 trillion
Nvidia’s total market value as of the close of trading Wednesday, tops in the S&P 500.
Microsoft ($3.767 trillion) and Apple ($3.421 trillion) are next among the most valuable companies in the S&P 500. Nvidia’s market value in late August 2023 was around $1.150 trillion.
1,143%
The approximate gain in Nvidia’s stock price since the start of 2023. The shares are up about 35% so far this year.
$46.74 billion
Nvidia’s overall revenue in the May-July quarter, 56% above its revenue in the year-ago quarter. However, sales in its core data center division came in slightly below Wall Street estimates
$54 billion
Nvidia’s forecast for revenue for the fiscal third quarter, “plus or minus 2%.”
$24.3 billion
The amount of money Nvidia says it returned to shareholders in the form of stock buybacks and dividends in the first half of fiscal 2026.
$157.7 billion
The net worth of Nvidia CEO Jensen Huang, according to the Forbes Real-Time Billionaires List.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
