Why NVIDIA Is Dominating the Market Today

NVIDIA is getting huge attention today because its latest earnings did more than beat expectations. They pushed back against one of the biggest fears in the market: that AI spending may be starting to slow.

NVIDIA reported $96.2 billion in revenue, up 106% year over year. Data center revenue reached $89 billion, up 117%, while adjusted EPS came in at $2.22. Gross margin stayed at 75%.

But the bigger story was the outlook.

NVIDIA expects fiscal 2028 revenue to grow about 70%. Analysts were expecting closer to 44%. That is a major gap.

The message is simple. Demand for AI computing is still very strong.

NVIDIA said demand is running ahead of what it can currently supply. Memory costs and limited capacity are some of the main constraints.

The company also guided for $108 billion in Q3 revenue, while assuming zero data center compute revenue from China.

That matters because investors have spent months asking whether we are near “peak AI.”

This report gives them a different answer.

AI infrastructure spending is still growing fast, and NVIDIA remains one of the clearest companies showing just how strong that demand is.

The risks have not gone away. Memory costs could pressure margins. China restrictions remain. Competition is increasing. Investors still need to see whether massive AI infrastructure spending will eventually generate enough returns.

But for now, the numbers are clear.

AI demand is still running hot.

$NVDA

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