Overview
- Nvidia reported fiscal Q2 revenue of roughly $96.2 billion with data-center sales near $89 billion, beating analyst expectations and more than doubling year‑over‑year growth.
- The company set third‑quarter guidance of about $108 billion, which would be its first quarter above $100 billion and shifted market focus from reported revenue to forward durability.
- Shares fell slightly in after‑hours trading then rose after CEO Jensen Huang's conference call, reflecting investor scrutiny of guidance, margins and product execution rather than the headline beat.
- Nvidia disclosed its maximum gross exposure under land, power and shell guarantees was about $3.5 billion, a figure that addresses but does not erase investor concerns about its financing programs.
- Sticky July PCE inflation readings and the upcoming Jackson Hole forum mean the Fed's path for interest rates will shape how investors value Nvidia's growth and the broader AI capex cycle.