Nvidia Bounces Back on AWS's Record GPU Order

Nvidia's stock price rebounded in after-hours trading following Amazon Web Services' (AWS) announcement of an additional purchase of 2 million GPUs, worth nearly $3.4 billion at current prices. The V-shaped reversal came as a surprise to investors who had expected the stock to decline further.

Despite beating consensus estimates with revenue approaching the $100 billion mark for the quarter ended July 26, 2026, Nvidia shares initially fell more than 3% in after-hours trading due to concerns over AI capital expenditure sustainability. However, AWS's order dispelled these doubts and sent the stock price skyrocketing.

Nvidia posted revenue of $96.221 billion, up 106% year-over-year and 18% quarter-over-quarter, with non-GAAP earnings per share coming in at $2.22. The company's guidance for the next quarter was equally aggressive, with fiscal 2027 third-quarter revenue expected to reach $108 billion.

The Vera Rubin platform has entered full mass production, delivering 10x the token throughput per megawatt compared to the previous generation while reducing cost per million tokens by 35x. Morgan Stanley estimates that Vera Rubin could contribute approximately $9 billion in revenue in the third quarter of fiscal 2027, representing 20% of data center revenue.

Nvidia is working with six top financial institutions to establish an independent compute financing platform aimed at mobilizing more than $500 billion in third-party capital for global AI data centers and compute infrastructure construction. The platform will allow institutional investors to allocate funds while providing downstream customers with low-cost financing channels.