Nvidia Reports Record Data-Center Revenue and Buys Hugging Face in $12.9 Billion Deal
Nvidia (NVDA) reported record second-quarter fiscal 2027 results, with data-center revenue surging by 117% year-over-year to $89 billion. This growth was driven by strong demand for AI and high-performance computing infrastructure across industries. The company's total revenue reached $96.2 billion in Q2, exceeding Wall Street estimates of $91.8 billion. Nvidia is also set to acquire open-source AI platform Hugging Face for $12.9 billion as part of CEO Jensen Huang’s strategy to strengthen the American-led AI ecosystem. The company currently holds a market capitalization of $5.3 trillion and has seen its stock rise over 2% in five days following strong earnings results. Analysts remain optimistic about Nvidia's future, with expectations for continued revenue growth and rising EPS forecasts. For Q3 fiscal 2027, the firm anticipates $108 billion in revenue and a gross margin of around 74%, signaling sustained momentum.
Tickers: $NVDA
Topics: AI GPU demand M&A activity semiconductors