Nvidia reports $2.58 billion in Q2 revenue as AI and graphics demand strengthens

Nvidia reported earnings and revenues that beat analysts’ expectations as demand for graphics and artificial intelligence chips picked up in the second fiscal quarter.

Nvidia reported revenues of $2.58 billion, down from $3.12 billion a year ago, for the second fiscal quarter, which ended July 31. Non-GAAP earnings per share were $1.24, compared with $1.94 a share a year ago. In after-hours trading, Nvidia’s stock was up 5% to $159 a share.