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NVIDIA records mega profits thanks to its AI chip business
Aug. 24, 2023, 8:45 a.m. | Steve Dent
Engadget www.engadget.com
If you've been wondering who's making the most money from the AI boom, NVIDIA may have the answer in it's latest earnings report. The company announced revenue of $13.51 billion in the second quarter, more than doubling the $6.7 billion it made last year and crushing market expectations. On top of that, it earned $6.18 billion in GAAP net income, nine times the $656 million it made in Q2 2022.
NVIDIA's gaming segment did pretty well too, thanks to …
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