Wall Street’s major indices on Thursday opened flat amid record-breaking Q2 FY26 results of AI chip giant NVIDIA. In the early hours of trading, the Dow Jones Industrial Average (.DJI), opens new tab rose 15.8 points, or 0.03%, at the open to 45,581.03. The S&P 500 (.SPX), opens new tab rose 2.4 points, or 0.04%, at the open to 6,483.84, while the Nasdaq Composite (.IXIC), opens new tab rose 29.1 points, or 0.13%, to 21,619.273.
For Q2 FY26, NVIDIA reported revenue of $46.7 billion, marking a 6% quarter-over-quarter increase and a 56% year-over-year surge.
NVIDIA’s stock is currently trading around $178, with a market capitalization of approximately $4.34 trillion. The stock recently experienced a modest decline of about 1.9%, moving within a daily trading range of $176.41 to $184.45.
Adding to the pressure on NVIDIA’s stock, the company’s data center revenue, while impressive, fell slightly short of some analysts’ expectations. NVIDIA reported $41.1 billion in revenue from its data center segment, driven by rapid adoption of its next-gen Blackwell AI platform and growing demand for cloud infrastructure.
However, no revenue from China was included in the current quarter’s forecast due to ongoing geopolitical tensions, though the company remains optimistic about future sales in the region if restrictions ease.
The gaming division also posted strong results, with revenue reaching $4.3 billion, up 14% quarter-over-quarter and 49% year-over-year, reflecting robust demand for RTX GPUs and technologies like DLSS 4.
“NVIDIA NVLink rack-scale computing is revolutionary, arriving just in time as reasoning AI models drive orders-of-magnitude increases in training and inference performance,” said CEO Jensen Huang. “The AI race is on, and Blackwell is the platform at its center.” Huang also emphasized the strong momentum behind Blackwell Ultra, stating production is ramping up rapidly to meet extraordinary demand.
