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.
Related event: Nvidia posts record $96.2B Q2 revenue and guides 70% growth for FY28(27 posts)→
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