Overview
- Nvidia reported a record quarter with $96.2 billion in revenue and $89 billion in Data Center sales and then issued first‑ever year‑ahead guidance calling for roughly 70% revenue growth for fiscal 2028.
- The company has launched partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to help raise over $500 billion to finance AI infrastructure and has taken direct stakes in cloud builders and startups.
- Supply shortages of memory (DRAM/HBM) and advanced packaging are constraining shipments, giving Nvidia and resellers pricing power so that even four‑year‑old GPUs have traded at about a 20% premium, Oracle reported.
- Analysts and reporters warn that Nvidia’s revenue guarantees, take‑or‑pay deals and financing backstops create contingent, off‑balance‑sheet exposures that could become real liabilities if utilization falls or architectures shift away from Nvidia hardware.
- The AI buildout still points to multi‑trillion‑dollar capex from hyperscalers but also to strategic risk as big cloud players push custom accelerators and safety advocates call for slower progress, which together could reallocate future spending away from Nvidia.