Nvidia Q2 Revenue Surges; New Guidance and Deals

Nvidia reported a record-breaking quarter with revenue of about $96.2 billion, up 106% year over year, led by a data-center business that reached roughly $89 billion as hyperscalers and enterprises pushed demand for AI hardware. The results highlight a widening gap between the U.S. AI leaders and rivals, and Nvidia projected 70% revenue growth for fiscal 2028 with guidance of about $108 billion for the next quarter, signaling confidence in an accelerated AI buildout. CFO Colette Kress noted ongoing supply constraints and said Nvidia will continue investing heavily, including memory commitments totaling around $160 billion, while expanding partnerships such as a $12.9 billion Hugging Face deal and a broader AWS collaboration. Investor sentiment was mixed but broadly optimistic, with premarket moves in Nvidia and other AI-related stocks reflecting belief that AI demand remains robust even as questions about supply and competition persist. Jensen Huang framed AI as having reached an inflection point, stressing that compute is driving revenue and that a new era of AI labs and ecosystems is forming globally. The earnings narrative comes amid a broader tech rally and ongoing macro context, with Nvidia’s scale underscoring the U.S. lead in global AI infrastructure and raising expectations for sustained growth through 2028.