Nvidia posts record profit and revenue amid AI chip boom

https://www.aljazeera.com/economy/2026/5/21/nvidia-posts-record-profit-and-revenue-amid-ai-chip-boom?traffic_source=rss

Author: John Power
Published on: 21/05/2026 | 00:00:00

AI Summary:
Th US tech behemoth said profit soared to $58.3bn for the February-April period. Recommended Stories list of 4 items list 1 of 4Elon Musk’s SpaceX unveils filing for blockbuster IPO list 2 of 4US police officers sue Trump over $1.8bn ‘anti-weaponisation’ fund list 3 of 4Trump says no escalation expected with Cuba. Nvidia’s data-centre business was the main driver of growth, with quarterly Shares in Nvidia fell nearly 1.3 percent in after-hours trading, an indication of the sky-high expectations attached to a company whose blistering growth since 2022 has lifted its market capitalisation to more than $5 trillion.

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claimsou@lemmy.world · 1 pts · 102d

Time to fire people then.