X discussionNvidia printed record Q2 revenue of $96.2B and guided 70% growth through FY2028, then added over $400B in market cap in one session. The stock gave back about 4.5% the next day as traders focused on customer financing loops, a reported pause of AI-cloud revenue-sharing deals covering $36B of commitments, and guided margin compression from rising memory costs. The tape is pricing whether AI demand still sets a supply-constrained floor or whether Nvidia is funding too much of its own revenue.
BullAI demand still outruns supply and Nvidia just reset the multi-year growth floor. Q2 revenue hit $96.2B, up 106% YoY, Q3 is guided to $108B, and management put FY2028 revenue growth at 70% against prior Street expectations nearer 45%.
BearNvidia is financing the companies that buy its chips, and that circular loop is the real risk under the print. A reported pause on $36B of AI-cloud revenue-sharing commitments, rising DSOs, and guided gross-margin compression from memory costs drove the fade after the $400B pop.
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Bull evidence
@WatcherGuruNvidia added over $400B in market cap in one day, its second-largest single-day gain ever.
@charliebilelloQ2 revenue hit a record $96B (+106% YoY) with Q3 guided to $108B and record net income of $59.7B.
@danielnewmanUV70% growth through FY2028 sets a supply-constrained floor for the AI trade as demand stays higher.
Bear evidence
@gnoble79The sudden FY2028 70% guide looks like a shell game with Anthropic IPO timing as Nvidia finances its own revenue.
@anyatradesNvidia is putting billions into CoreWeave, Nebius, and OpenAI so customers can keep buying Nvidia chips.
@StockSavvyShayNvidia paused revenue-sharing deals with smaller AI clouds covering about $36B of commitments on antitrust concerns.