Nvidia's money from sales doubled, and the boss says it's a great time for AI

The company, worth $5tn, made more money than expected, but its stock price did not change much.

Published 26 August 2026 175 words
TECHNOLOGY A2
Nvidia's money from sales doubled, and the boss says it's a great time for AI

Nvidia announced on Wednesday that its sales money from the last three months doubled compared to last year. The company’s boss, Jensen Huang, said that many people want their computer chips because artificial intelligence (AI) is in a special, important time.

Nvidia is the most valuable company in the world. It made $96.2bn in the second quarter. This is more than the $92bn that experts thought it would make. Last year, it made much less money.

The company expects to make even more money next quarter. Its sales from computer centres were $89bn. This is also much more than last year.

Huang said that AI is now very useful and making money. He also said that companies that use AI need powerful computers, and Nvidia makes the best ones.

The company’s stock price went up a little after the news. Investors will watch Nvidia to see how well other AI companies do.

Nvidia’s reports are important for the whole AI industry. Even though some companies want to make their own computer chips, Huang believes they will still buy from Nvidia.

Vocabulary

sales money — The total amount of money a company receives from selling its products or services.
artificial intelligence — Computer systems that can perform tasks that normally need human intelligence.
valuable — Worth a lot of money or importance.
experts — People who have a lot of knowledge or skill in a subject.
computer centres — Large buildings with many computers that store and process information for other companies.
stock price — The price of a share in a company, which can go up or down.

Discussion Questions

  1. What did Nvidia announce about its sales money?
  2. Why does Jensen Huang think it is an important time for AI?
  3. Why are Nvidia's reports important for the AI industry?

Based on an article from The Guardian.

Read the original article