- Revenue rose 106% year over year to $96.2 billion, driven largely by the data-center business.
- CEO Jensen Huang forecast 70% data-center revenue growth for FY28, signaling that demand continues to exceed supply.
- The Vera Rubin platform is ramping rapidly, but memory shortages are expected to pressure profit margins.
- High customer concentration and investor concerns about AI-spending returns remain key risks despite strong demand.
Quotes
“Nvidia's Q2 earnings confirmed robust AI demand”
“demand far exceeds supply”