Nvidia reported stronger-than-expected fiscal second-quarter results, with revenue more than doubling 106% year over year to a record $96.22 billion and topping Wall Street’s $92.27 billion estimate as artificial intelligence infrastructure demand accelerated. Data center revenue rose 117% to $89 billion, adjusted earnings per share reached $2.22 versus a $2.09 consensus, and management guided fiscal third-quarter revenue to about $108 billion while projecting fiscal 2028 revenue growth near 70%, well above the roughly 45% rate analysts had expected. The company is extending its platform beyond GPUs through the Vera Rubin stack—combining the Rubin GPU, Vera CPU, a Groq 3 LPX inference accelerator and dedicated storage and networking—while facing projected gross-margin pressure toward about 72%–73%, China export uncertainty and supply constraints. Shares jumped 8.74% on August 27 after the results before falling 4.57% to $217.55 on Friday amid profit-taking; multiple firms raised price targets and the consensus objective stands at $322.61. Chief Executive Jensen Huang has said Nvidia’s physical AI business for robots, cars and drones generates about $10 billion annually and could grow 10-fold within the next decade.