Nvidia’s Q2 quarterly earnings results were nothing short of stelar. The world’s most valuable company reported $96.22 billion in revenue, much higher than the estimated $92.17 billion. Moreover, revenue has more than doubled from last year’s $46.7 billion figure. Meanwhile, earnings per share came in at $2.22 adjusted, compared to the expected $2.10. While these numbers are impressive, there was more in Nvidia’s earnings call, that could potentially bring bad news for rivals AMD (Advanced Micron Devices, Inc.) and Intel. Let’s discuss.
Nvidia Bringing The Competition To AMD And Intel
Nvidia’s (NVDA) market dominance began after the coming of generative AI that works on GPU (Graphics Processing Unit) power. AMD and Intel lagged behind in the GPU development race. Even the world’s riches person Elon Musk endorsed Nvidia on a SpaceX earnings call in Early August 2026. Musk stated that SpaceX would build exclusively on Nvidia chips, calling them the best hardware in the market currently.
However, many experts anticipated AMD and Intel to get the edge over Nvidia after the coming of the CPU (Central Processing Unit)-focussed agentic AI. However, this might not be the case at all. Nvidia (NVDA) might just pull the rug from under two CPU giants as it ventures into their territory. Nvidia introduced the stand-alone Vera CPU last quarter that is build specifically for running AI agents. The company says its CPUs can complete agentic tasks 1.8x faster than industry standards. This puts AMD and Intel in quite the pickle.
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It is not surprising that Nvidia (NVDA) wants to enter the CPU market. The company has made a massive innovations in the AI field over the last few years and will likely not give up its position without a fight. While Nvidia continues to dominate the market, AMD and Intel are not going to sit quietly either. Both are making their own AI chips. AMD has also claimed that some of its latest chips can even outperform Nvidia’s offerings.