Nvidia Crushes Q2 Expectations as Cathie Wood Buys Big

Nvidia's recent Q2 results have exceeded expectations, with revenue growing 105.9% year-over-year to $96.22 billion.

The company's dominance in AI accelerators has led to extraordinary demand for high-end GPUs and networking equipment, with global hyperscalers and enterprise buyers committing record capital to AI data centers.

Cathie Wood's ARK Invest has been accumulating Nvidia shares, buying over 243,000 shares worth around $53 million on Friday, August 28.

Nvidia's stock price has gained 31% over the past 52 weeks and is up 20% year-to-date, with analysts expecting Q3 FY2027 revenue of $108 billion and a gross margin of 74%.