Nvidia’s Data Center Revenue Soared in Second Quarter, but Still Misses Wall Street Estimate

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Nvidia’s Data Center Revenue Soared in Second Quarter, but Still Misses Wall Street EstimateNvidia Stock Falls. Its Earnings Beat Wasn't Enough.Last Updated:12 hours agoStart-ups and corporations are still clamoring for Nvidia’s AI data center chips.The chip maker reported data center revenue of $41.1 billion in the July quarter, up 56% year over year. That's a hair below Wall Street's estimate for $41.3 billion, according to FactSet.“The strong year-on-year and sequential growth was driven by demand for our accelerated computing platform used for large language models, recommendation engines, and generative and agentic AI applications,” CFO Colette Kress said in a release.