2nd Largest Company end of September?

NVIDIA (NVDA) F2Q27 Earnings Highlights F2Q Results Slightly Exceed Expectations - Revenue: USD 96.2 billion (+18% QoQ, +106% YoY), GF Securities 94.5 billion, Bloomberg Securities 92.3 billion, Buy-Side Advisors 94.6 billion - Data Center Revenue: USD 89 billion - Gross Margin: 75%, GF Securities 75.1%, Bloomberg Securities 75% - EPS: $2.22, GF Securities $2.15, Bloomberg Securities $2.09, Buy-Side Advisors $2.18 F3Q Revenue Guidance Fully In Line with Us but Slightly Above Market Expectations, GM Slightly Below Expectations - Revenue Guidance: USD 108±2% billion, GF Securities 108 billion, Bloomberg Securities 104 billion, Buy-Side Advisors 109 billion - Gross margin guidance: 73.5-74.5% (official guidance: 74.0% ±50bps), GF Securities 75.1%, Bloomberg 74.8% - Vera Rubin has shipped, F3Q is expected to contribute approximately 20% of DC revenue - Storage costs exceeded expectations, F4Q gross margin guidance is 71-72%, rebounding to FY28 72-73% following the price increase in F1Q28 - Full-year OPEX growth is low-50s FY28 revenue guidance exceeded expectations - FY28 revenue is expected to increase by 70% YoY - 70% growth is due to supply constraints, customer-forecasted demand is 100% growth Data Center - Hyperscale F2Q revenue $49 billion (+13% QoQ), F4Q and FY28 will see renewed acceleration - AWS Expanded collaborations, adding 2 million GPUs to F2Q29 - ACI&E F2Q revenue of $40 billion (+25% QoQ), driven by Neoclouds capacity expansion (expected 8GW by the end of 2026) - Sovereign AI F2Q revenue +35% QoQ, achieved through Regional NeoCloud CPU - Vera CPUs are now in full production, shipping to OCI, SpaceX, and AWS - $20 billion in Server CPU demand, FY28 CPU revenue more than doubled year-on-year Neoclouds - Revenue-sharing model, Nvidia shares a portion of upside revenue when NeoCloud revenue exceeds guaranteed levels - Nvidia can "Get paid twice": hardware sales + Rental Revenue Sharing - Driving TAM expansion, bringing billions of dollars in revenue in the medium to long term Capital return - F2Q Buyback of $20 billion, quarterly dividend of $6 billion - Year-to-date (YTD) reaches approximately 60% of FCF (originally planned ≥50%) > Other Summary - Nvidia AI Factory revenue per GW increases: Hopper approximately $18 billion/GW → Blackwell $25 billion/GW → Vera Rubin $40 billion/GW - Networking revenue F2Q +18% QoQ, Spectrum-X Ethernet year-over-year growth of 2.6x - Frontier AI Labs' growth exceeds its own B/S-supported investment scale, Nvidia has invested approximately $50 billion - OpenAI commits to deploying 12GW by 2030 - Partnering with SoftBank Energy to deploy computing power at Portsmouth Campus (initial deployment 4.25GW) - Inventory rises to $32 billion, Vera Rubin stockpiling - DSO rises to 60-day payment period extended for large purchases by some major customers - F2Q sales of H200 to China account for less than 1% of total DC revenue; guidance excludes China revenue - Groq 3 LPX full production; Nebius to be the first to adopt it > Stock Performance - After-hours stock price rose more than 4%, driven by the company's FY28 revenue +70% YoY guidance, rapid Vera Rubin ramp-up, and optimistic CPU outlook.

Nvidia's Q2 earnings report: Record-high revenue and net profit; August-October revenue projected at $108 billion.

Nvidia Reports Blowout Second Quarter, Forecasts 70% Revenue Growth in 2028--Update

*NVIDIA SAYS AMAZON TO DEPLOY ADDITIONAL 2 MILLION GPUS • • *NVIDIA SHARES EXTEND GAIN TO 2.9% DURING EARNINGS CALL

NVIDIA Q2 Revenue Reaches $96.2 Billion, Q3 Guidance Set at $108.0 Billion • • NVIDIA reported fiscal Q2 2027 revenue of $96.2 billion, up 106% year over year and above the $92.2 billion consensus estimate. Data Center revenue reached $89.0 billion, up 117% and above the $85.8 billion estimate, while non-GAAP diluted EPS came in at $2.22, beating expectations of $2.10. Non-GAAP gross margin was 75.0%, in line with estimates. NVIDIA guided fiscal Q3 revenue to $108.0 billion, plus or minus 2%, above the $104.2 billion consensus estimate, with the outlook assuming no Data Center compute revenue from China. The company said its Vera Rubin platform has entered full production and returned about $26.0 billion to shareholders through share repurchases and cash dividends during the quarter.

Nvidia announced its second-quarter financial results, reporting adjusted earnings per share of $2.22, compared to expectations of $2.10. The company also announced revenue of $96.2 billion for the quarter ending July 26, 2026, representing an 18% increase over the previous quarter and a 106% increase year-over-year. #Arabic_Business

NVIDIA $NVDA SUPPLY COMMITMENTS MORE THAN DOUBLE TO $279B, MOSTLY MEMORY • • The CFO commentary carries several items the headline numbers left out. • • Supply and capacity commitments rose from $119B last quarter to $279B, primarily for memory procurement. Total future commitments across supply, cloud agreements, data center leases, equity investments and capex reach $366B, with $120B falling in the remainder of fiscal 2027. • • Nvidia also disclosed $105B in guarantees tied to SB Energy's PORTS-Pike campus in Ohio, securing roughly 4.25 gigawatts that will exclusively host Nvidia infrastructure under 20-year leases to OpenAI. The company says each generation deployed there could represent about 1.5 million GPUs, or $150B to $200B in Nvidia revenue, with an option to support roughly 3.8 additional gigawatts. Total guarantee exposure is $108.5B. • • On China: Data Center Hopper shipments to China were less than 1% of data center revenue in the quarter, and the Q3 outlook again assumes zero data center compute revenue from China. • • Other details: • - Q3 gross margin guided to 74.0% plus or minus 50 bps, down from 75.0% • - Days sales outstanding rose to 60 from 45, on extended payment terms with certain investment-grade customers • - Inventory up to $31.6B from $25.8B ahead of the Vera Rubin introduction in Q3 • - Free cash flow $21.3B, down from $48.6B last quarter • - Net gains from equity securities were $7.8B, which is why GAAP EPS of $2.46 exceeds the $2.22 adjusted figure • - Issued $25.0B of senior unsecured notes in the quarter • - Returned nearly $26.0B to shareholders • • Segment detail: Hyperscale $48.7B, +102%. AI Clouds, Industrial and Enterprise $40.3B, +138%. Edge Computing $7.2B, +27%.

Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter. • The tech bellwether reported fiscal second-quarter results after the bell on Wednesday.

Antropic projects $30 trillion market size… Surpasses SpaceX

Nvidia shares fell nearly 3%, putting the stock on track for its longest losing streak since September 2022. The company is scheduled to announce its financial results Wednesday evening. The company's results have become a crucial part of earnings season, seen as a way to assess the state of the artificial intelligence market, which has seen volatility in recent months. #Arabic_Business

Antropics Aims for $2 Trillion IPO… Surpassing SpaceX to Surpass All-Time Largest

SpaceX shares plunged more than 6% on Thursday after 319 million new shares were made available for trading as part of a phased blackout schedule, which will allow trading of approximately 88% of the company's 13 billion shares by 2027. #Arabic_Business

Approximately 319 million shares, owned by employees and early investors in SpaceX, will become eligible for trading tomorrow, Thursday, as part of a phased blackout schedule that will eventually allow trading of about 88% of the company's 13 billion shares by 2027. The stock is down nearly 3% in trading today, Wednesday. #Arabic_Business

From $900 million to $94 billion… Alphabet hits 100-fold ‘jackpot’ with SpaceX [Market Mover]

$SPCX - HARVARD BETS $2.2B ON SPACEX • • Harvard Management disclosed a $2.2B stake in SpaceX (SPCX), making it over 50% of its $4.26B disclosed U.S. equity portfolio. • • The position includes roughly 12.94M shares, making SpaceX Harvard’s largest reported U.S. holding. • • Other major institutional holders include Intesa Sanpaolo (~$966M) and the University of California (~$1B). • • SpaceX shares remain above their $135 IPO price, valuing the company near $1.85T.

Nvidia discloses $21bn stake in SpaceX

Alphabet’s SpaceX bet grows 100-fold over a decade to $94 billion

Will Antropic Surpass SpaceX?… “Corporate Value Projected at $2 Trillion”

Nvidia is now almost $1 Trillion larger than every other public company • • Nvidia's $NVDA market cap has increased by more than $100 Billion so far in today's early trading

Nvidia Stock Loses $130 Billion In Market Value As Firm Reportedly Enters $500 Billion AI Financing Deal. • The chip designer’s stock briefly fell more than 3% following a report it was partnering with Wall Street giants like BlackRock on the deal.

Jeff Bezos breaks his own Amazon record. • Jeff Bezos filed to sell $4 billion in Amazon stock as the company hit a $3 trillion market cap, his second-largest sale on record. See what drove the timing.

Two major reasons fueled NVIDIA's stock price surge 11% this week! Further significant positive news may emerge at the end of the month.

GOOGLE IS BACK TO BEING THE 2ND LARGEST COMPANY IN THE WORLD • • Google $GOOGL closed yesterday with a larger market cap than Apple $AAPL making it the 2nd largest company in the world behind only Nvidia

Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict. • • The world’s largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion) over the April to June period, up 33% year-on-year and beating analyst expectations of $31.59 billion. • • Read more:

Anticipation builds for the Saudi market opening following Aramco's quarterly results... Aramco's quarterly profits jump 42% to SAR 121.5 billion Aramco reports free cash flow of SAR 46 billion in Q2 2026 @Nadine_bn #MarketsOpen #ArabiaBusiness