Nvidia Says Supply Shortages Are Limiting AI Revenue Growth
The chipmaker posted $59.7 billion in net income and said memory shortages could limit future growth despite demand for its AI systems.
- NVIDIA reported $96.2 billion in second-quarter revenue, beating Wall Street consensus by roughly $4 billion, and guided for $108.0 billion in the third quarter.
- Ian Buck, NVIDIA's vice president of hyperscale computing, hand-delivered the first Vera CPU server and Vera Rubin GPU to Amazon Web Services on August 27, marking the company's pivot to agentic AI infrastructure.
- To mobilize more than $500 billion for AI infrastructure, NVIDIA partnered with Apollo Global Management, BlackRock, and four other asset managers on August 10, while supply commitments surged to $279 billion driven by high-bandwidth memory procurement.
- The $108 billion guidance assumes essentially zero data center compute revenue from China, while NVIDIA projects CPU revenue to more than double in fiscal 2028 despite competition from Advanced Micro Devices and Intel.
- Structural high-bandwidth memory shortages will likely persist through 2027 according to SK Hynix, as chip stocks reached $9.57 trillion market capitalization in July 2026, representing 13.9% of the S&P 500.
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Nvidia just made $96.2 billion. But how long can enterprises afford the AI boom?
Nvidia has delivered another blockbuster quarter, with revenue hitting $96.2 billion, up 106% year on year. But the bigger story is what's coming next.Nvidia expects $108 billion in revenue next quarter, while Jensen Huang is betting on 70% revenue growth next fiscal year, well above Wall Street's 44% expectation.But as Nvidia's AI business continues to surge, enterprises are also facing a growing bill for AI infrastructure.Here's what Nvidia's …
NVIDIA Announces Financial Results For Second Quarter Fiscal 2027
NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 26, 2026, of $96.2 billion, up 18% from the previous quarter and up 106% from a year ago. For the quarter, GAAP and non-GAAP gross margins were both 75.0%. GAAP and non-GAAP earnings per diluted share were $2.46 and $2.22, respectively. “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” sai…
NVIDIA's Record Quarter Confirms Chipmakers Are Winning the AI Boom
NVIDIA earnings 2026 confirm a structural shift: semiconductor stocks are dramatically outperforming Big Tech as AI spending flows to hardware makers. Micron is up 220%, Marvell up 185%, while the Magnificent Seven ETF gains just 4%. NVIDIA's record $96.2 billion quarter and Vera CPU delivery to AWS mark why chipmakers are the AI era's biggest financial winners.
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