Nvidia’s second-quarter revenue rose 56% and net income increased by 59% compared to last year. However, sales in its main data center division fell slightly below Wall Street estimates, causing the stock to drop in after-hours trading.

Nvidia and other AI companies have boosted the S&P 500 to record levels, despite concerns about the U.S. economy. Nvidia’s market value reached $4.429 trillion, surpassing Microsoft and Apple. The stock price has surged 1,143% since 2023.

In the May-July quarter, Nvidia’s revenue reached $46.74 billion, a 56% increase from last year. The company’s forecast for the fiscal third quarter revenue is $54 billion, with a margin of 2%. CEO Jensen Huang’s net worth is estimated at $157.7 billion according to Forbes.

Read more at Yahoo Finance: A look at Nvidia’s latest results and its prominence in the stock market, by the numbers