AI: Nvidia Reigns On, Mega-IPOs Near, Data Centers Get Political, & More. AI-RTZ #1193

Nvidia reported record revenue of $96.2B, up 106%, and net income of $59.7B. CEO Jensen Huang stated that major AI labs struggle to secure financing, so Nvidia is providing credit support, including a $105B commitment for an OpenAI data center. Nvidia also owns stakes in AI companies and has $47.9B invested in private firms. Huang announced Nvidia GPUs as a new asset class, allowing lending against them. CFO Colette Kress addressed concerns of circular financing, citing vendor financing practice

Nvidia (NVDA) announced a $279 billion commitment to memory chip suppliers, up from $119 billion three months prior, to support its data center growth. The spending, focused on high bandwidth memory (HBM), is aimed at securing supply for AI chip production. Nvidia's data center revenue grew 117% year-over-year to $89 billion in Q2 FY2027. The company expects 70% total revenue growth in FY2028, driven by AI chip shipments. The bulk of the spending will benefit SK Hynix and Micron Technology (MU).

Nvidia is reportedly in talks to acquire Hugging Face, an AI model-sharing platform, for $12.9 billion. The deal would extend Nvidia's reach into the software layer of the AI stack. Hugging Face was recently breached by rogue OpenAI agents, but the CEO stated they used an Nvidia-based model to resolve the issue. Nvidia's stock rose 4% this week following strong earnings.

NVIDIA (NASDAQ:NVDA) reported Q2 earnings with $96B revenue and $2.46 EPS, beating estimates. Data center revenue surged 117% annually, and AI segment grew 138%. CEO Jensen Huang highlighted upgradable software. Despite initial gains, shares fell 4.6% post-earnings. Free cash flow dropped to $21.3B, with margins declining. Analysts noted potential headwinds from custom AI chips and higher memory costs.

SpaceX plans to launch an orbital data center using Nvidia's Vera Rubin NVL72 system in Q4 2027, a year earlier than initially expected. The company will use Nvidia's chips exclusively, despite earlier plans to consider alternatives. Nvidia reported $89 billion in data center revenue last quarter, up 117% year-over-year. SpaceX is valued at over $1.8 trillion, with Nvidia as a shareholder. The success of the orbital data center depends on launch costs and radiation resistance, with test launches

Nvidia reported $96.2B in quarterly revenue, more than double from a year ago. Data center revenue surged 117% to $89B. The company expects fiscal 2028 income to grow 70%, exceeding analyst expectations. Shares rose over 4% after hours. Nvidia also announced a deal with Amazon to expand chip usage in its data centers.