Still saying AI is a bubble or just hype? In the early hours of August 27 Singapore time, NVIDIA dropped its Q2 earnings report— 1⃣ Total revenue: $96.2 billion, up a staggering 106% year-over-year 2⃣ Adjusted EPS: $2.22, skyrocketing 120% 3⃣ Data center revenue: $89 billion, up 117% YoY and 18% QoQ 4⃣ Gross margin holding steady at 75% Data centers now account for over 90% of total revenue. What does this mean? It’s not “AI is still telling stories,” but rather that AI is now burning cash like crazy—and making money like crazy too. During the earnings call, Jensen Huang directly addressed the market: From large models to AI agents, from autonomous driving to humanoid robots, and his repeatedly mentioned “AI factories”—NVIDIA is upgrading its business from “selling GPUs” to “selling entire AI infrastructure.” And what’s even wilder is the next quarter: Q3 revenue is projected at $108 billion, with gross margins still around 74%. So the real question now isn’t “Is AI a bubble?” but—when will the demand for computing power peak? And where is NVIDIA’s ceiling? The stronger the earnings, the bigger the market’s appetite. The real stress test is whether they can continue to “beat expectations” next quarter. What do you think—is this AI rally already hitting its peak, or are we just stepping on the gas?