NVIDIA's $108b Quarter

NVIDIA's Q2 FY27 revenue reached $96b with a $108b Q3 guide, but hyperscale revenue grew only 13% sequentially against 25% for everyone else. To fund the buyers filling that gap, NVIDIA extended payment terms — DSO rose from 45 to 60 days & receivables hit $63b — & built a $581b stack of supply commitments, power guarantees, leases & $101b of equity in the AI startups & neoclouds buying its chips.