Nvidia Reports Doubled Quarterly Revenue Amidst Soaring AI Chip Demand, Expands AWS Partnership
Nvidia's quarterly revenue more than doubled, and the company projected third-quarter revenue exceeding Wall Street estimates, driven by strong demand for its AI chips. The tech giant also announced an expanded partnership with Amazon Web Services.
New York, NY, August 26, 2026 —
Nvidia has announced a significant surge in its quarterly revenue, which more than doubled, largely propelled by robust demand for its artificial intelligence (AI) chips. The technology giant also provided a positive outlook for the third quarter, projecting revenue that is expected to surpass Wall Street’s expectations.
The company’s latest financial results highlight the escalating demand for its specialized hardware, crucial for powering the complex computations required in AI development and deployment. This surge in revenue indicates Nvidia’s strong position in the rapidly growing AI market.
In addition to its impressive financial performance, Nvidia revealed an expansion of its existing partnership with Amazon Web Services (AWS). This collaboration is expected to further solidify Nvidia’s reach and support for cloud-based AI services. Further details regarding the specifics of the expanded AWS partnership were not immediately available.
The strong performance and optimistic forecast come at a time when AI technology continues to see widespread adoption across various industries. The demand for high-performance computing solutions, such as those offered by Nvidia, remains a key driver in the technology sector.
The company’s financial projections suggest continued growth, reflecting confidence in sustained market demand for its AI-centric products. Investors and industry observers will be closely monitoring Nvidia’s progress as it navigates the evolving landscape of artificial intelligence and cloud computing.
Story summarized from the original created by Reuters on nypost.com, see more information here.
