Nvidia (NVDA) Reports 65% Revenue Growth Amid AI Boom

AI Summary

Nvidia (NVDA) reported $216 billion in revenue for fiscal 2026, a 65% increase from the prior year, alongside a net income of $120 billion. It retains a P/E ratio of 41, higher than the S&P 500 average of 31, but considered cheap relative to its growth metrics. The company's market value reached $4.9 trillion, suggesting potential psychological barriers for further price increases. Meanwhile, CoreWeave (CRWV) has seen a 60% rise in stock value this year after initial IPO volatility, positioning itself for AI workload solutions in a competitive cloud industry.