NVIDIA announces NVHBM as industry shifts toward custom HBM designs

Nvidia reported strong Q2 earnings with $96.2B revenue, driven by 117% YoY growth in data center sales. However, rising memory costs, particularly high-bandwidth memory, are reducing gross margins, which Nvidia attributes to increased component procurement costs. The company expects margins to decline further before recovering in fiscal 2028. This trend benefits memory suppliers like Micron Technology, as Nvidia's higher memory commitments suggest increased pricing power for suppliers.

Fed Chair Warsh rejected the Phillips curve, attributing inflation to fiscal deficits and money creation. NVIDIA (NVDA) reported $96B revenue, CAT (CAT) hit $20.5B quarterly sales. JPMorgan (JPM) posted 23% ROTCE. Warsh's stance may reduce rate volatility, benefiting growth stocks, industrials, and banks.

Nvidia (NVDA) reported strong earnings, with sales more than doubling and adjusted profit exceeding estimates. Raymond James analyst Simon Leopold raised the price target to $515, implying 126% upside, citing strong demand and supply constraints. Nvidia's market cap surged by $442 billion post-earnings. Leopold's target is higher than Wall Street's consensus of $322.95. Nvidia guided for $108 billion in October-quarter sales, topping expectations.

Nvidia, Salesforce, and CrowdStrike reported strong earnings, boosting AI investment optimism. Nvidia exceeded expectations, with Amazon planning to purchase 2M GPUs. Salesforce saw 435% YoY AI spending growth. CrowdStrike's revenue rose 26% due to AI-driven cybersecurity demand. Meta settled a $18B lawsuit over youth safety on its platforms.

Nvidia (NVDA) forecasts 70% revenue growth in fiscal 2028, expanding beyond chip sales to include financing and rental revenue. CME Group plans to launch futures tied to the rental cost of Nvidia's H100 and B200 GPUs, settling against Silicon Data benchmarks, with H100 at $2.68/GPU-hour and B200 at $5.66/GPU-hour. Contracts do not reserve chips but pay based on benchmark price movements.

Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole, emphasizing the need for higher interest rates to combat inflation. Nvidia reported strong Q2 earnings of $96.2B, up 106% YoY, and guided for 70% revenue growth in FY2028, causing shares to rise 8.74%. CrowdStrike and Salesforce also saw significant gains due to strong earnings reports.