Nvidia reported better-than-expected quarterly results with revenue of $96.2 billion in Q2 fiscal 2027, more than double year-over-year. CEO Jensen Huang defended the company’s growing financial involvement in the AI ecosystem, arguing that AI startups need tens of billions of dollars to scale, an unprecedented historical first. Nvidia invested $105 billion in a compute campus in Ohio where OpenAI will be the tenant, and partnered with Wall Street firms to arrange up to $500 billion in financing for data centers. Data center revenue surged 117% to $89 billion, and Nvidia projected approximately 70% revenue growth for fiscal 2028.
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