In today’s industry news roundup: Nvidia is now valued at almost $1.2tn after its second quarter sales grew by 101% year on year and its earnings increased more than fivefold; overtaxed mobile networks led to robotaxi congestion in San Francisco; Broadcom has pledged to invest $2bn a year in VMware after the planned acquisition closes; and more!
As many had anticipated earlier this week, AI chip sector leader Nvidia really knocked it out of the park in its second fiscal quarter,