Nvidia's Supply Commitments More Than Doubled to $279 Billion. Here's What It Does to the Stock.
The chipmaker just locked in years of memory supply -- and put numbers on what the bill does to its profit margins.
Overview
Nvidia (NASDAQ:NVDA) reported another enormous quarter on Wednesday. Revenue for the second quarter of fiscal 2027 (the period ended July 26) more than doubled year over year, coming in at a record $96.2 billion.
Data center revenue rose even faster, climbing 117% to $89.0 billion. And shares moved higher in after-hours trading following the report.
Details
The most revealing figure, however, sat in the company's CFO commentary.
Source
Originally published at www.fool.com.
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