The “AI capex is a bubble” and “SaaS is dead” narratives getting shredded this morning. NVDA +8%, SFDC +20%.

NVDA: $96B q2 revenue (+106%), ~$60B net income, 75% gross margin. Highest core-business quarterly profit ever. Guided FY28 rev +70% vs Street exp 45% — and that’s a supply-constrained number.

SFDC: bookings reaccelerated (fastest in 4 years) and Agentforce is showing up in ARR. Benioff: “the UI is the AI.” They’re putting Salesforce inside Claude. If you can’t beat ’em, join ’em. Still need systems of record.

Congrats @JensenHuang @Benioff

The “AI capex is a bubble” and “SaaS is dead” narratives getting shredded this morning. NVDA +8%, SFDC +20%.

NVDA: $96B q2 revenue (+106%), ~$60B net income, 75% gross margin. Highest core-business quarterly profit ever. Guided FY28 rev +70% vs Street exp 45% — and that’s a supply-constrained number.

SFDC: bookings reaccelerated (fastest in 4 years) and Agentforce is showing up in ARR. Benioff: “the UI is the AI.” They’re putting Salesforce inside Claude. If you can’t beat ’em, join ’em. Still need systems of record.

Congrats @JensenHuang @Benioff

Source:https://twitter.com/davidsacks/status/2092999983255498814