英伟达市值蒸发1300亿美元

Core Viewpoint - Nvidia reported its Q2 FY2026 earnings, showing revenue of $46.743 billion, a 56% year-over-year increase, slightly exceeding market expectations. However, concerns arose due to data center revenue falling short of projections, leading to a decline in stock price and a market cap loss of $130 billion [2][3]. Financial Performance - Q2 revenue reached $46.743 billion, up 56% year-over-year, with net income of $26.422 billion, a 59% increase, and a gross margin of 72.4% [2]. - Data center revenue was $41.1 billion, a 56% year-over-year increase, while gaming and AI PC revenue was $4.3 billion, up 49%. Professional visualization revenue was $601 million, up 32%, and automotive and robotics revenue was $58.6 million, up 69% [2]. Business Segments - The data center segment remains the core growth engine, with Blackwell architecture revenue increasing by 17% quarter-over-quarter [2]. - Nvidia's CFO indicated that the Blackwell GB300 chip is in full production, with expectations for increased output in Q3. The RTX Pro server is also in full production, with nearly 90 companies adopting it for real-time simulation and digital twin applications [3]. Market Trends - AI infrastructure investment is projected to continue growing, driven by the need for more training and inference computing for AI models. Capital expenditures in data center infrastructure are expected to reach $600 billion this year, nearly doubling over the past two years [4][5]. - Nvidia aims to capture a $3 trillion to $4 trillion opportunity in AI infrastructure over the next five years through its Blackwell and Rubin architectures [5]. Future Outlook - For Q3, Nvidia projects revenue of $54 billion, with a GAAP gross margin of 73.3% [6]. - The company emphasizes the importance of network connectivity, with Q2 network business revenue at $730 million, nearly doubling for InfiniBand products [6].