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[BUSINESS] · United States · 100 sources

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Nvidia reports record $96.22 billion revenue driven by AI demand

Nvidia has reported record-breaking financial results for its second fiscal quarter of 2027, driven by massive demand for artificial intelligence infrastructure. The company reported revenue of $96.22 billion, representing a 106% increase year-over-year, while net profit reached approximately $59.69 billion.

The data center segment was a primary driver of this growth, generating $89 billion in revenue, a 117% increase compared to the previous year. Looking ahead, Nvidia provided strong guidance, forecasting third-quarter revenue of approximately $108 billion. Furthermore, the company projected approximately 70% revenue growth for fiscal year 2028, significantly exceeding Wall Street expectations.

Despite the robust demand, executives noted that supply remains a critical bottleneck that could constrain growth through the end of fiscal 2028. The company also indicated that its revenue outlook does not include potential data center compute revenue from China.

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Claims

What the coverage asserts, and how many sources carry each claim.

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  • [● 2 SOURCES] Wall Street expects Nvidia to report earnings per share of $2.09 and revenue of $92.28 billion.
  • [○ 1 SOURCE] The Omani Ministry of Foreign Affairs stated that a temporary maritime corridor could be announced soon.
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Sources

Nvidia oggi: analisi trimestrale [www.abruzzonews24.com]
Rapportfest på grönt Wall Street [www.privataaffarer.se]