Summary

Nvidia posted $96B in quarterly revenue and guided to 70% growth next year, then agreed to buy Hugging Face for $12.9B. Trump weighed sweeping chip tariffs, cybersecurity stocks ripped on AI threats, and Instinct raised at $2.5B. Links Nvidia reports Q2 revenue up 106% YoY to $96.22B, above $92.17B est., Data Center revenue up 117% to $89B, above $85.08B …

Key takeaways

• Nvidia reported $96B in Q2 revenue (+106% YoY) and guided ~70% growth for fiscal 2028, far exceeding analyst estimates of 45%, while reportedly agreeing to acquire Hugging Face for $12.9B (~80x forward revenue) to strengthen its open-source AI ecosystem and cloud compute strategy.
• The Trump administration is weighing sweeping semiconductor tariffs that could extend to laptops, servers, and data center hardware, creating a direct conflict between onshoring chip manufacturing goals and the AI infrastructure buildout that depends on imported chips from Taiwan, South Korea, and Malaysia.
• CrowdStrike (+15%) and Okta (+20%) surged on earnings beats driven by AI-powered cyber threat escalation, with identity security and agentic AI attack vectors emerging as the primary growth catalysts across the cybersecurity sector.

Why this matters

Nvidia's dominance is deepening—not just in silicon but across the AI value chain through strategic acquisitions and equity investments—while simultaneous tariff risks and cybersecurity arms races signal that AI infrastructure costs and complexity are set to rise significantly for enterprise buyers.

Entities

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Show notes

Nvidia posted $96B in quarterly revenue and guided to 70% growth next year, then agreed to buy Hugging Face for $12.9B. Trump weighed sweeping chip tariffs, cybersecurity stocks ripped on AI threats, and Instinct raised at $2.5B. Links Nvidia reports Q2 revenue up 106% YoY to $96.22B, above $92.17B est., Data Center revenue up 117% to $89B, above $85.08B est., and net income up 126% to $59.7B (Nvidia) Nvidia guides to ~70% revenue growth next fiscal year, well above the 45% analysts expected, se

Themes

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