The numbers are in: Nvidia had a highly successful fiscal third quarter. The company reported on Wednesday that its net income jumped 65% and revenue increased 62% from the same quarter in 2024, the Associated Press reports.
Nvidia reached a milestone last month when it was the first public company to reach a market value of $5 trillion.
Nvidia’s chips are used for video games and training AI systems, and demand for the chips has been high.
As of Wednesday, Nvidia is valued at $4.53 trillion, with Apple just below it at $3.98 trillion and Microsoft at $3.62 trillion.
Advertisement
A year ago, the company’s net income was $19.3 billion for the fiscal third quarter. This time, it’s $31.9 billion.
