started · updated
Nvidia reports $96.2 billion Q2 revenue amid surging AI demand
Nvidia reported massive second-quarter revenue of $96.2 billion, representing a 106% increase year-over-year. The growth was primarily driven by a 117% surge in data center sales, which reached $89 billion. The company provided an optimistic outlook, projecting fiscal 2028 revenue growth of approximately 70%, significantly exceeding previous analyst expectations.
Despite the strong financial performance, Nvidia management noted that the company is currently supply-constrained. To address future demand, Nvidia's supply commitments rose from $119 billion to $279 billion in a single quarter, largely to secure memory components. The company also announced an expanded partnership with Amazon to deploy two million additional processors and reported plans to acquire the AI platform Hugging Face for $12.9 billion.
The company's blowout results helped propel the Nasdaq Composite and S&P 500 higher, reinforcing investor confidence in the ongoing artificial intelligence infrastructure boom.
Entities
Amazon · Colette Kress · Dow Jones Industrial Average · Jensen Huang · Nasdaq · Nvidia · S&P 500
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Nvidia reported fiscal second-quarter revenue of $96.2 billion, a 106% increase year-over-year. marketnewsng.com · dailyguardian.ae · bitcoinethereumnews.com · www.dimsumdaily.hk · mid-east.info · +2 more
- [○ 1 SOURCE] An expanded partnership with Amazon will involve the deployment of two million additional Nvidia processors. bitcoinethereumnews.com
- [● 5 SOURCES] Nvidia projected fiscal 2028 revenue growth of approximately 70%. marketnewsng.com · dailyguardian.ae · bitcoinethereumnews.com · www.dimsumdaily.hk · time.news
- [● 2 SOURCES] Nvidia's supply commitments rose from $119 billion to $279 billion in a single quarter. mid-east.info · www.ibtimes.co.uk
- [● 2 SOURCES] Nvidia data center sales climbed 117% year-over-year to $89 billion. dailyguardian.ae · www.ibtimes.co.uk
- [○ 1 SOURCE] Nvidia reported gross margins of 75% for the second quarter. time.news
- [○ 1 SOURCE] CFO Colette Kress stated the company is currently constrained by supply rather than demand. www.ibtimes.co.uk
- [○ 1 SOURCE] Nvidia plans to acquire the AI platform Hugging Face for $12.9 billion. bitcoinethereumnews.com