It has become a tradition that every single quarter Nvidia reports record results that outpace all of its quarterly results before that. This Wednesday was no exception as the company posted revenue of $96.2 billion, which was up 106% year-over-year, due to rising demand for its AI hardware. But such results come at a cost, as the company has to invest massively in its future. In the second quarter of its fiscal 2027, Nvidia had to commit to procuring memory worth up to $160 billion, which includes its memory supply pact with SK hynix.
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