What Is $PLAT

On August 27, Nvidia (NVDA.US) surged over 4% in current after-hours trading, reaching $218.84. In terms of news, Nvidia's earnings report released after the market close on Wednesday showed that its Q2 2026 performance more than doubled compared to the same period last year and exceeded market estimates. Company executives stated during a conference call that Amazon will deploy an additional 2 million Nvidia graphics processing units (GPUs). Due to accelerating demand, Nvidia's operating revenue for the fiscal year 2028 is expected to grow by approximately 70%, far surpassing analysts' estimated increase of 45%, crushing market expectations. Nvidia's Chief Financial Officer Colette Kress noted that even facing supply shortages, Nvidia's operating revenue for fiscal year 2028 is expected to experience rapid growth, with customer expectations indicating a doubling of growth. She mentioned that Nvidia has invested $50 billion in cutting-edge AI laboratories, and Wall Street investment institutions will collaborate to support the construction of these laboratories. In the medium to long term, the revenue-sharing model could generate billions of dollars in income for the company, with demand from AI laboratories expected to contribute about a quarter of revenue next year. Nvidia believes that supply bottlenecks will persist at least until fiscal year 2028, with current memory chips in an extreme pricing environment, compounded by rising component costs, which will weigh on Nvidia's profit margins. The company estimates that the adjusted gross margin for the third quarter will be 74%, down about 1 percentage point from 75% in the second quarter. Nvidia stated that it will increase product prices in the first quarter. Kress also mentioned that Nvidia has fully ramped up production of the next-generation Vera Rubin central processing unit, with a revenue opportunity of $40 billion per gigawatt (GW), and expects Vera Rubin to account for about 20% of data center operating revenue in the third quarter. CEO Jensen Huang stated that the supply chain capacity is sufficient to support Nvidia's confidence in achieving 70% growth for fiscal year 2028, adding that AI has reached a turning point, is performing useful work, and tokens are becoming productive and profitable. 'Now, computing power equals revenue,' he said.

On August 27, Nvidia (NVDA.US) rose over 4% in current after-hours trading, reaching $218.84. In news, Nvidia's earnings report released after the market closed on Wednesday showed that its Q2 2026 performance more than doubled compared to the same period last year, surpassing market estimates. During a conference call, company executives stated that Amazon will deploy an additional 2 million Nvidia graphics processing units (GPUs). Due to accelerating demand, Nvidia's operating income for the fiscal year 2028 is expected to grow by about 70%, significantly exceeding analysts' estimated increase of 45%, crushing market expectations. Nvidia's Chief Financial Officer Colette Kress noted that even in the face of supply shortages, Nvidia's operating income for fiscal year 2028 is anticipated to experience rapid growth, with customer expectations indicating that growth will double. She mentioned that Nvidia has invested $50 billion in cutting-edge AI labs, and Wall Street investment firms will collaborate to support the construction of these labs. In the medium to long term, the revenue-sharing model could generate billions of dollars for the company, with demand from AI labs expected to contribute about one-quarter of Nvidia's business next year. Nvidia believes that supply bottlenecks will persist at least until fiscal year 2028, with current memory chips in an extreme pricing environment, combined with rising component costs, which will weigh on Nvidia's profit margins. The company estimates that its adjusted gross margin for Q3 will be 74%, down about 1 percentage point from 75% in Q2. Nvidia stated that it will increase product prices in the first quarter. Kress also mentioned that Nvidia has fully ramped up production of the next-generation Vera Rubin central processing unit, with a revenue opportunity of $40 billion per gigawatt (GW), and expects Vera Rubin to account for about 20% of data center operating income in Q3. CEO Jensen Huang stated that the supply chain capacity is sufficient to support Nvidia's confidence in achieving 70% growth in fiscal year 2028, adding that AI has reached a turning point, is doing useful work, and tokens are becoming productive and profitable. 'Now, computing power equals revenue,' he said.

According to Business Insider, NVIDIA (NVDA) is negotiating to acquire the well-known AI platform Hugging Face, which focuses on the sharing and development of open-source models. This deal could become one of the largest transactions for the chip giant to date. Sources indicate that serious negotiations have taken place over the past few weeks regarding a deal valued at over $13 billion. Currently, the two companies have not reached an agreement, and negotiations could still fall through. Insiders also revealed that Microsoft (MSFT) had previously met with Hugging Face, but there has been no further contact between the two parties. According to earlier reports, Hugging Face rejected NVIDIA's $500 million investment offer at the end of last year, which would have valued Hugging Face at $7 billion. At that time, Hugging Face stated that they did not want a controlling investor that could influence decision-making.