Nvidia’s Solid Q2 Raises Expectations for AI Memory and Storage Demand
Nvidia reported a 106% year-over-year surge in revenues, driven by robust Data Center performance, with adjusted EPS rising 120% and Data Center revenue up 117% year over year and 18% sequentially. Record results were attributed to Blackwell Ultra infrastructure, with Vera Rubin expected to account for about 20% of Data Center revenues. The outlook highlights growing AI semiconductor demand and a broader memory and storage chip shortage supporting higher prices.