Nvidia posted $96.2 billion in Q2 FY2027 revenue, up 106% year over year, and guided Q3 to roughly $108 billion, but the same week OpenAI's new Jalapeño chip claimed it already beats Blackwell on efficiency.
Read the full story: Nvidia's $96.2B Quarter Meets Its First Real Challenger →
Transcript
Nvidia just posted ninety six point two billion dollars in quarterly revenue. Up one hundred six percent from last year. Data center alone made eighty nine billion, mostly Blackwell Ultra going into hyperscalers and even government AI projects. Nvidia says next quarter gets bigger too, guiding to one oh eight billion against a Street estimate of one oh four point two. Here's the twist. Days before this report, OpenAI showed off its own chip, Jalapeno, built with Broadcom, claiming it beats Blackwell on power efficiency and latency right now. It's not a threat yet. Jalapeno is inference only, low volume until late twenty twenty six. But it's the first real sign that Nvidia's biggest customer is also building its way out of Nvidia's margins. The numbers are strong today. The pressure is further out. Watch this space.