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.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
