quote: $NVDA: "We expect to grow revenue by approximately 70% in fiscal 2028. This is a supply constrained outlook" That statement alone is probably more important than the entire earnings beat just now? Insane upward revision beat from +43.9% expected to 70%. "With cloud industry backlog now greater than 2 trillion, CapEx by the top five hyperscalers is expected to reach nearly $800 Billion in 2026 and 1.3 Trillion in 2027" $1.3 Trillion in 2027. (MS was around $1.2T June, so this is upward projection revisions) Yeah the high-beta parts of the supply chain growth is going to like this. | $NVDA earnings TLDR: Revenue: $96.22B vs. ~$92.17B (beat) Adj. EPS: $2.22 vs. $2.09-$2.10 (beat) DC: $89.0B vs. ~$86.3B (beat) Adj. gross margin: 75% vs. 75% Hyperscaler Revenue: $48.71B from $43.05B last quarter (custom ASIC growth hasn't really prevented this revenue from accelerating) For guidance: Revenue: $108B vs. ~$104.2B Adj. gross margin: 74% vs. 75% (kinda the only soft spot) Revenue ramp has been genuinely absurd over last 4 quarters. -> $68.1B -> $81.6B -> $96.2B (we are here) -> next quarter guidance: $108B, despite assuming zero China DC compute revenue. Fun thing to note is Nvidia says its commitments jumped from $119B last quarter to $279B, primarily related to procurement of memory (for next few years).. So memory goes brrr. TLDR: AI keeps on going brrr. Nvidia is clearly leading the charge and no obvious signs of demand slowing. Given Nvidia is already a $5T+ company, I think most of the alpha comes from how Nvidia's architecture/capacity decisions impact elsewhere in the supply chain (eg. CPO, memory, 800V) nowadays. Rather than simply finding mispricing in Nvidia itself. Regardless, all the fun stuff happens in the earnings call in a few min.

quote: $NVDA: "We expect to grow revenue by approximately 70% in fiscal 2028. This is a supply constrained outlook" That statement alone is probably more important than the entire earnings beat just now? Insane upward revision beat from +43.9% expected to 70%. "With cloud industry backlog now greater than 2 trillion, CapEx by the top five hyperscalers is expected to reach nearly $800 Billion in 2026 and 1.3 Trillion in 2027" $1.3 Trillion in 2027. (MS was around $1.2T June, so this is upward projection revisions) Yeah the high-beta parts of the supply chain growth is going to like this. | $NVDA earnings TLDR: Revenue: $96.22B vs. ~$92.17B (beat) Adj. EPS: $2.22 vs. $2.09-$2.10 (beat) DC: $89.0B vs. ~$86.3B (beat) Adj. gross margin: 75% vs. 75% Hyperscaler Revenue: $48.71B from $43.05B last quarter (custom ASIC growth hasn't really prevented this revenue from accelerating) For guidance: Revenue: $108B vs. ~$104.2B Adj. gross margin: 74% vs. 75% (kinda the only soft spot) Revenue ramp has been genuinely absurd over last 4 quarters. -> $68.1B -> $81.6B -> $96.2B (we are here) -> next quarter guidance: $108B, despite assuming zero China DC compute revenue. Fun thing to note is Nvidia says its commitments jumped from $119B last quarter to $279B, primarily related to procurement of memory (for next few years).. So memory goes brrr. TLDR: AI keeps on going brrr. Nvidia is clearly leading the charge and no obvious signs of demand slowing. Given Nvidia is already a $5T+ company, I think most of the alpha comes from how Nvidia's architecture/capacity decisions impact elsewhere in the supply chain (eg. CPO, memory, 800V) nowadays. Rather than simply finding mispricing in Nvidia itself. Regardless, all the fun stuff happens in the earnings call in a few min.

Source:https://x.com/aleabitoreddit/status/2092723047107355133