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Nvidia, the asset manager, had a massive Q2 thanks to CoreWeave’s rally

Nvidia made over $26 billion in net income in its second quarter, putting it third among S&P 500 companies as of their most recent quarterly filing and trailing only Alphabet and Microsoft.However, if you zeroed in on just Nvidia’s de facto “asset management” arm — which is included under “net other income” — that division would be one of the 50 most profitable companies in the benchmark US index, ahead of the likes of IBM and Caterpillar and just barely trailing McDonald’s.“Net other income for...

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