# Nvidia's Profit Doubles to $59.69 Billion Thanks to AI Spending The company reported $59.69 billion in profit, fueled by artificial intelligence investments. - **Source:** [NYT > Technology](https://brifing.si/source/decc78ce-c15d-4060-967b-334c94229615) - **Published:** 2026-08-27 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/b17864f8-8adb-4994-b80b-81f11b997f01 ## Nvidia's Stunning Growth Nvidia surprised investors by reporting $59.69 billion in profit for the last quarter. This figure represents more than double the growth compared to the same period last year. The company's revenue also reached $96.22 billion, exceeding Wall Street expectations. AI investments were cited as a major contributor to this growth. ## The AI Boom Nvidia's graphics processors have become the cornerstone of AI applications. The popularity of large language models like ChatGPT has skyrocketed demand for the company's products. Data centers and cloud computing providers are lining up for Nvidia's high-performance chips. This situation has led to record revenue growth for the company. ## Beating Wall Street Expectations Nvidia's financial performance far exceeded analysts' predictions. The company's shares gained significant value in the stock market following this announcement. Investors believe the AI revolution is just beginning. Nvidia's leadership in this field raises expectations for similar results in future quarters. ## Record Revenue Growth The company's quarterly revenue reached $96.22 billion, setting a historical record. This figure represents over 100% growth compared to the same period last year. Nvidia's data center division accounted for the majority of total revenue. Investments in AI and cloud computing were highlighted as key growth drivers. ## The AI Chip Market Nvidia holds over 80% market share in AI chips. The company's H100 series processors have become the standard for training large language models. Competitors' attempts in this field have yet to challenge Nvidia's dominance. Market analysts predict this leadership will continue in the coming years. ## Global Impacts Nvidia's success is influencing other companies in the tech sector. Investments in AI infrastructure are increasing spending by cloud providers. This situation is causing growth in data center construction and energy consumption. Nvidia's growth is creating a domino effect in the global technology ecosystem. ## Future Projections Nvidia shared strong growth forecasts for the next quarter. The company states the AI market is still in its infancy. The launch of Blackwell series chips is expected to further increase revenues. Analysts predict Nvidia could reach trillion-dollar valuation by 2024. ## A Turning Point in Tech Nvidia's performance symbolizes the dawn of the AI era. The company's success shows tech giants' AI infrastructure investments are paying off. This trend is expected to continue for the next decade. Nvidia stands out as one of the biggest winners of the AI revolution. ## Sources covering this story - https://www.nytimes.com/2026/08/26/technology/nvidia-profit-ai-doubles-earnings.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._