Quick Read – NVDA’s Data Center surged 92% to $75B at 75% gross margins; AMD grew 57% but trails sharply on free cash flow. – Meta committed 6 gigawatts of AMD Instinct GPU capacity, validating AMD as a credible second source hyperscalers now deploy at scale. – NVDA trades at…
x earnings with $48B quarterly free cash flow; AMD at 175x offers hyperscaler torque but little margin for error. – NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) both delivered post-earnings updates that reshape the AI chip narrative. NVIDIA posted $81.615 billion in Q1 FY2027 revenue, while AMD followed with $10.253 billion
One is the infrastructure utility. The other is finally the credible second source hyperscalers actually deploy at scale. Data Center Carries Both.
Only One Prints Utility Margins. NVIDIA’s Data Center segment reached $75.246 billion, up 92% YoY, with networking exploding 199% as InfiniBand, NVLink, and Spectrum-X locked customers into the full rack. Jensen Huang called the buildout “the largest infrastructure expansion in human history”, and the 75.0% non-GAAP gross margin backs that framing.