Quick Read – NVDA’s ACIE segment, which covers enterprise, neocloud, and sovereign buyers, hit $40 billion with 138% year-over-year growth, outpacing hyperscaler revenue’s 13% sequential gain. – Sovereign AI revenue more than tripled year over year, with neocloud partners…
rgeting eight gigawatts of installed NVIDIA capacity by year-end. – NVIDIA carries $108.5 billion in guarantee obligations for neocloud partners, and days sales outstanding jumped from 45 to 60 days, signaling elevated financing risk. – NVIDIA (NASDAQ:NVDA) delivered $89.023 billion of Data Center revenue in its most recent fiscal second quarter, but the customer mix beneath that number may matter more than the record itself. Direct hyperscaler sales totaled $49 billion, up 13% sequentially
ACIE, covering AI cloud providers, industrial customers, enterprises and sovereign buyers, reached $40 billion after 25% sequential growth and 138% year-over-year growth. Management expects ACIE to drive most of next quarter’s Data Center growth before hyperscale reaccelerates as Vera Rubin supply improves. That is a striking rebalancing for a company long described as dependent on a handful of technology giants.
What ACIE Actually Means ACIE is management’s disaggregation of Data Center revenue in the CFO commentary, not a separately reported operating segment. NVIDIA still reports Compute & Networking and Graphics as its two segments. On the earnings call, Jensen Huang described the group plainly: “The other half of the picture is what we call AC, and that’s all the enterprise, the neoclouds, the sovereign AIs.