NVIDIA posts $60B quarterly profit, +70% FY28 guide shreds "AI capex bubble" talk
ramagetime · x · 2026-08-28
Commenting on the day's earnings, David Sacks and ramagetime argue the "AI capex is a bubble" and "SaaS is dead" narratives got shredded: NVDA +8%, SFDC +20%.
- NVDA: $96B Q2 revenue (+106% YoY), $60B net income, 75% gross margin — the highest core-business quarterly profit ever. FY28 revenue guided +70% vs Street's 45%, and that's supply-constrained.
- SFDC: bookings reaccelerated (fastest in 4 years) with Agentforce showing up in ARR. Benioff: "the UI is the AI" — Salesforce is being embedded into Claude. If you can't beat 'em, join 'em; systems of record remain essential.
More from Companies & People
- Datology launches Datology Labs for open, collaborative data-science research — josh_wills · 2026-10-15
- Lexsi's AI Safety & Alignment Hackathon offers $30K+ prizes with Cohere Labs and Hugging Face — Cohere_Labs · 2026-10-15
- Source: Anthropic meeting discussed no September-quarter or full-year ARR outlook — matt_slotnick · 2026-10-15
- Spotify's Daniel Ek Tells Jensen Huang Europe Is Too Slow on AI, Bets on Open Models — kimmonismus · 2026-10-15
- DevFest Chennai 2026 to feature on-device AI talk on Qualcomm AI Stack — carrycooldude · 2026-10-15
- Ex-White House cyber deputy launches SAIF nonprofit with $25M from a16z founders for AI cyber defense — vishalmisra · 2026-10-15