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Core News Facts
Nvidia (NASDAQ: NVDA) is the leading supplier of data center graphics processing units (GPUs), holding an estimated 92% market share as of now. For its fiscal 2026 second quarter, the company reported record revenue of $46.7 billion, representing a 56% year-over-year increase and 17% sequential growth. Earnings per share (EPS) rose 61% to $1.08, driven primarily by a 73% increase in its data center segment, which generated $39 billion in sales.
Nvidia’s outlook suggests continued growth, with a projected revenue of $54 billion for the third quarter, reflecting a 54% year-over-year growth at the midpoint. Currently possessing a market cap of approximately $4.4 trillion, Nvidia would require a 126% stock price increase to reach a valuation of $10 trillion, with anticipated revenue growth of 26.2% annually over the next five years, potentially positioning it to achieve this milestone by 2030.
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