BlockBeats News, August 27th, Serenity's article interpreted NVIDIA's latest financial report, stating that the company's quarterly revenue was $96.22 billion, higher than the market's expectation of about $92.17 billion; adjusted earnings per share were $2.22, exceeding the expected $2.09 to $2.10; data center revenue was $89 billion, above the expected $86.3 billion, with an adjusted gross margin of 75%, in line with expectations.

Specifically, revenue from large-scale customers increased from $43.05 billion in the previous quarter to $48.71 billion. Serenity believes that the growth of custom ASICs has not prevented NVIDIA's related business from continuing to accelerate. NVIDIA's revenue guidance for the next quarter is $108 billion, higher than the market's expectation of about $104.2 billion, and this forecast does not include any revenue from the Chinese data center computing business; the adjusted gross margin guidance is 74%, lower than the market's expectation of 75%, representing a relatively weak part of this financial report.

Serenity pointed out that NVIDIA's revenue has recently increased from $68.1 billion to $81.6 billion, $96.2 billion, and is expected to reach $108 billion in the next quarter, showing that AI demand has not shown a significant slowdown. The company's procurement commitments have also increased from $119 billion in the previous quarter to $279 billion, mainly related to future years' storage chip purchases.

AI is still accelerating, and NVIDIA is clearly in a leading position, with no signs of a significant slowdown in demand. Given NVIDIA's market value has exceeded $5 trillion, the current larger investment opportunities may come from its architecture and production capacity decisions affecting the supply chain, including CPO, storage chips, and 800V power systems, rather than simply seeking pricing anomalies in NVIDIA's stock itself.