Chinese chipmaker Enflame 4,073 times oversubscribed in Shanghai IPO amid Nvidia race

Nvidia (NVDA) reported Q2 2027 earnings with 106% revenue growth and 120% adjusted earnings growth, beating estimates. The stock has risen 4% post-earnings but may decline 7% by late September based on historical trends. Nvidia trades at 27 times earnings with a PEG ratio of 0.54, and analysts see 46% upside to $318.

Nvidia (NVDA) could become the second-largest U.S. tech company by revenue, trailing only Amazon (AMZN), due to strong AI-driven growth. NVDA reported Q2 earnings with 70% revenue growth guidance for fiscal 2028, exceeding expectations. Amazon's AWS and Nvidia's GPUs have a complementary relationship, with AWS adopting Nvidia's AI stack. Analysts project NVDA's revenue to reach $672B in fiscal 2028, with Amazon's revenue growing at a slower pace.

CEOs of Apple, Tesla, Amazon, and Nvidia discussed rising memory prices and tight supply during earnings calls. Apple, Tesla, and Nvidia mentioned paying higher costs for memory, while Amazon increased its capital expenditure budget due to higher memory costs. Micron and Sandisk are positioned to benefit from the increased demand and pricing power in the memory market.

Nvidia's Vera Rubin platform is entering full production, with the company reporting $96.2 billion in fiscal Q2 revenue, up 106% YOY. Data-center revenue hit $89 billion, up 117% YOY, with a gross margin of 75%. Nvidia highlights a $40 billion revenue opportunity per gigawatt, emphasizing the value of performance per watt in AI data centers.

Nvidia partnered with six financial institutions to mobilize $500B for AI infrastructure, aiming to make it more accessible. The company reported Q2 2027 revenue of $96.2B, up 106% YoY, with data center revenue at $89B. Nvidia guided for Q3 revenue of ~$108B and 70% growth for fiscal 2028. Analysts remain bullish, with an average price target of $324, suggesting 49% upside.

Anthropic, backed by Nvidia, signed a $35B cloud computing lease with Lambada, also Nvidia-backed. Nvidia will be the lessee due to its better credit rating. The deal supports AI growth over 25 years, according to the companies.