By Danny Vena, CPA
Publication Date: 2026-02-26 07:55:00
The artificial intelligence (AI) chip specialist just confirmed that the AI revolution is alive and well.
The past several years have been a nonstop thrill ride for Palantir (PLTR +1.22%) stock investors. When the artificial intelligence (AI) revolution kicked off in early 2023, the data mining and AI expert was ready. With 20 years of experience in the field, Palantir pivoted to create its Artificial Intelligence Platform (AIP), which has become the leading software system for helping businesses make real-time, data-driven decisions. AIP integrates deeply with existing business systems, adding a layer of generative AI and providing actionable insights that managers can use.
Since AIP debuted in April 2023, Palantir stock has become a massive multibagger, soaring 1,490%. However, the stock’s egregious valuation and questions about the future of AI have investors looking for evidence that things are still on track.
Nvidia‘s (NVDA 5.55%) quarterly financial report left no doubt that AI adoption continues unabated.
Image source: Getty Images.
Remarkable results
For its fiscal 2026 second quarter (ended Jan. 25), Nvidia generated record revenue that soared 73% year over year and 20% sequentially to $68.1 billion. This drove adjusted earnings per share (EPS) up 82% to $1.62.
For context, analysts’ consensus estimates called for revenue of $66.2 billion and EPS of $1.54, so Nvidia scaled both bars with ease.
A record-setting performance from the data center segment continued…