Nvidia revenue doubles on continued AI demand

Image caption, Nvidia's business has grown significantly amid the AI boom. Chip giant Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace. The company said on Wednesday that it brought in $96bn (£71bn) of revenue during the second quarter, more than double the amount for the same period a year earlier. And it expects revenue of $108bn in the next quarter. AI has reached its inflection point, CEO Jensen Huang said in prepared remarks, describing the infrastructure buildout as going at full steam. The revenue figures beat Wall Street's expectations, leading Nvidia shares to rise by 4.7% in after-hours trading.