Nvidia Data Center Revenue Soars 117% in Q2
NVDA sits 30% above its 52-week low of $164.07.
Summary
NVIDIA's data center segment delivered 117% year-over-year revenue growth in the second quarter, underscoring continued explosive demand for AI infrastructure. The company also reported that hyperscale revenue more than doubled from a year ago and rose 13% sequentially, with commitments increasing to $279B. NVIDIA guided third-quarter revenue to $108B, plus or minus 2%, and expects GAAP operating expenses of $9.2B. However, the company flagged a gross margin dip in its Q3 forecast despite the blowout data center quarter. This follows major announcements including the Vera Rubin platform entering full production and a $105B Ohio data center partnership. The growth rate, while slightly below the 199% networking surge reported in May, confirms the AI buildout remains on a steep upward trajectory.
At the time of this announcement, NVDA was trading at $213.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.