- Nvidia reported Q2 revenue of $96.2 billion, up 106% year over year, and projected approximately 70% revenue growth for FY28 despite memory supply constraints.
- SB Energy, an AI power infrastructure company backed by SoftBank, OpenAI and Nvidia, filed for an IPO; its data-center business had generated no revenue and none of its data centers were operational as of the filing.
- SB Energy reported roughly $3.2 billion in net losses for H1 2026 and identified dependence on OpenAI, outside financing, community opposition and slower hyperscaler capex as key risks.
- The cluster reinforces the scale of the AI capex cycle while highlighting execution, power availability, financing and customer-concentration risks beyond Nvidia’s chip sales.
Quotes
“AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue.”
“The reason Nvidia is on our part of the equation here is that, you know, helps us to unlock things like investment-grade financing. It helps to ensure the project is a success”