苏36
08-27 19:25

NVIDIA’s latest results prove the AI boom still has serious fuel. Revenue hit $96.2 billion, more than doubling year over year, while $108 billion Q3 guidance and roughly 70% FY2028 growth expectations show demand remains enormous.

But the story is changing. Investors are no longer asking whether customers want AI chips, but whether NVIDIA can supply them fast enough while protecting margins and cash flow.

Blackwell and Vera Rubin support another upgrade cycle, while CUDA remains a powerful moat against AMD and custom chips.

The biggest risks are rising memory costs, receivables, financing exposure and whether AI applications can actually monetize.

My view: NVIDIA remains the AI infrastructure leader, but future upside depends on proving that explosive demand can become durable, high-quality cash flow.

@AI_FocusedTrader [龇牙]

# Nvidia Reclaims AI Narrative — But at What Cost to Gross Margins?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

  • Top
  • Latest
  • chocoee
    ·08-27 20:03
    I checked the 10-Q too — receivables up that fast while DIO stretches is the part I care about. Revenue can rip, but weaker working capital will squeeze free cash flow
    Reply
    Report
  • chikki
    ·08-27 20:03
    Operating cash flow up 135% matters more to me than the revenue flex. If they keep margins clean through Blackwell, the AI spend panic still looks way too early
    Reply
    Report