Nvidia's Q2 Revenue Soars to $96.2B, SpaceX's AI Deals Double Revenue

Key Takeaways

• Nvidia reported Q2 revenue of $96.2 billion, up 106% year over year, with data center revenue at $89 billion
• SpaceX Q2 revenue hit $7.8 billion, nearly doubling, driven by Starlink and AI deals with Anthropic, Google, and Reflection AI
• SpaceX signed cloud hosting deals worth $1.11 billion monthly and a $6.7 billion capacity deal
• Nvidia's Rubin chip ecosystem is expected to generate $20 billion in revenue this quarter
• Broadcom is in early talks on over $50 billion in financing for custom AI chips with OpenAI, following a $60 billion deal for Anthropic chips
• TSMC posted record Q3 revenue of NT$1.49 trillion ($46.7 billion), up 51%, and expects 2026 growth over 40%
• CoreWeave is building a 240 MW data center campus in India, with phase one operational by mid-2028 using NVIDIA hardware
• Alphabet trades at a forward P/E of 22.8 with a $4.2 trillion market cap, making it a compelling AI investment
• Applied Materials reached a record $9.1 billion in revenue, narrowing the gap with Qualcomm after eight quarters of higher sales
• Three industrial stocks—Vertiv, Quanta Services, and GE Vernova—are positioned to benefit from AI data center buildout regardless of which AI companies succeed

Alphabet is a smart AI stock pick for $1,000 investment

Alphabet is a major AI leader with a $4.2 trillion market cap. Its shares rose 156% over five years and trade at a forward P/E ratio of 22.8. The company is involved in AI research at Google DeepMind, chip development, Google Cloud, and popular user platforms. Its massive user base gives it strong distribution for AI products.

SpaceX versus Nvidia for the best AI stock in 2027

Investors choosing between Nvidia and SpaceX for AI gains in 2027 have a tough decision. Nvidia is transitioning from Blackwell to Rubin chip architecture and expects $20 billion in server CPU revenue this quarter. SpaceX revenue nearly doubled to $7.8 billion in Q2, driven by Starlink and AI deals with Anthropic, Google, and Reflection AI. The article argues Nvidia is the more predictable buy for 2027.

SpaceX versus Nvidia for the best AI stock in 2027

Nvidia and SpaceX both have big catalysts for 2027. Nvidia reported Q2 revenue of $96.2 billion, up 106% year over year, with its data center segment generating $89 billion. SpaceX signed AI compute agreements with Anthropic, Google, and Reflection AI, plus cloud hosting deals worth $1.11 billion monthly and a $6.7 billion capacity deal. The author recommends Nvidia as the better buy for 2027.

SpaceX versus Nvidia for the best AI stock in 2027

Nvidia and SpaceX are both trillion-dollar AI stocks to watch in 2027. Nvidia's Rubin chip ecosystem is expected to generate $20 billion in revenue and more than double next year. SpaceX Q2 revenue hit $7.8 billion, fueled by Starlink and AI infrastructure. SpaceX spent $18.4 billion on costs while pursuing AI deals. The article names Nvidia as the better choice for 2027.

SpaceX versus Nvidia for the best AI stock in 2027

Nvidia and SpaceX both offer strong AI growth potential heading into 2027. Nvidia is expanding beyond GPU design and guided Q3 revenue near $108 billion. SpaceX revenue nearly doubled to $7.8 billion in Q2 with AI infrastructure deals. SpaceX spent $18.4 billion while scaling Starlink, building data centers, and developing Starship. The author favors Nvidia as the better buy for the next year.

Alphabet: A Top AI Stock to Consider Buying with $1,000

Alphabet is recommended as a strong AI investment for October. The company is involved in many parts of the AI industry, from research at Google DeepMind to chip development and cloud services. Its shares have risen 156% over the past five years but still trade at a forward price-to-earnings ratio of 22.8. With a $4.3 trillion market cap, Alphabet offers a compelling valuation for investors.

Applied Materials and Qualcomm Revenue Trends Compared

Applied Materials and Qualcomm are two AI companies with different revenue patterns. Applied Materials recently showed strong growth, reaching a record $9.1 billion in its fiscal third quarter ended July 26. Qualcomm had higher revenue for the past eight quarters but recently experienced sequential declines. The narrowing revenue gap between the two companies signals shifting dynamics in the AI chip equipment and solutions market.

3 Industrial Stocks That Benefit From Anthropic and OpenAI IPOs

Vertiv Holdings, Quanta Services, and GE Vernova stand to gain regardless of which AI company succeeds. Vertiv provides cooling infrastructure for data centers and recently qualified its coolant unit as Nvidia DSX Ready. Quanta Services builds power infrastructure for data centers and reported record performance driven by strong demand. GE Vernova supplies power equipment and has already received over $5 billion in data center orders this year.

SailPoint May Be Undervalued After AI Identity Security Update

SailPoint launched new AI-focused identity security features at its Navigate 2026 conference. The stock closed at $19.58, which analysts say is below its fair value estimate of $21.12, suggesting it is about 7% undervalued. However, some concerns exist as the stock trades at a high price-to-sales ratio of 9.6x compared to the industry average of 4x. The company's 90-day share price return has risen 31.85%.

Oppenheimer Says SailPoint Is Key for AI Agent Identity Security

Oppenheimer analyst says SailPoint is well-positioned to play a critical role in AI agent identity security. The company's technology provides real-time identity verification and authentication to help organizations protect against identity threats. The analyst gave the stock a buy rating with a price target of $15.00. SailPoint's stock has been gaining momentum in recent weeks.

CoreWeave invests in 240 MW India AI data center

CoreWeave will build a data center campus in India with an initial 240 MW capacity. The first phase will include three 80 MW buildings and is expected to be operational by mid-2028. The company plans to deploy the NVIDIA Vera Rubin Platform there. CoreWeave has about 4.2 GW of contracted power globally.

CoreWeave commits 240 MW to India AI infrastructure

CoreWeave announced a major investment in India's AI infrastructure with a 240 MW data center project. The campus could expand to 480 MW total. The first phase is set for mid-2028 and will feature NVIDIA hardware. CoreWeave has around 4.2 GW of contracted power worldwide.

New method improves AI preference training stability

Researchers developed LSC-DPO to improve Direct Preference Optimization for language models. The method regulates the learning signal during training to keep the model stable. Tests on AlpacaEval 2, MT-Bench, and Anthropic-HH showed better results than standard DPO. It also reduces performance differences from different starting settings.

Students win prizes for AI education tools at hackathon

Over 102 students competed at the University of Utah's Minds and Machines Hackathon in mid-September. Teams built AI tools for education, including AccessLens for students with disabilities and Patient Zero, a virtual patient trainer. Top teams won up to $1,500 in cash and AWS credits. Seven universities participated in the 48-hour event.

AlphaSense strengthens enterprise AI security features

AlphaSense announced expanded security and governance features for its enterprise AI platform on October 7, 2026. The update includes protections against bot traffic, AI-driven security guardrails, and zero data retention in SuperAnalyst. The company holds SOC 2 Type II and ISO/IEC 27001 certifications. AlphaSense says trust is the top factor for businesses adopting AI.

Broadcom helps AI labs fund billions in custom chips

Broadcom has held early talks on over $50 billion in financing for custom AI chips being developed with OpenAI. This follows a $60 billion financing deal last week to fund chips for Anthropic. Broadcom expects AI chip revenue of about $230 billion in fiscal year 2028. The funding approach helps keep major AI labs loyal to Broadcom instead of buying chips from other sellers.

TSMC reports strong growth driven by AI chip demand

Taiwan Semiconductor Manufacturing Company hit a record this month and is up 61% this year. Its third-quarter revenue surged 51% to NT$1.49 trillion, or $46.7 billion. Management expects 2026 revenue to grow a little over 40% in U.S. dollars. TSMC makes the advanced chips inside Nvidia's AI accelerators and Apple's iPhones.

MIT researcher uses AI to make data centers greener

MIT Associate Professor Christina Delimitrou is working to reduce the environmental impact of data centers. Her research uses machine learning to make large cloud computing systems more efficient, secure, and reliable. This approach improves web application performance while reducing energy use and carbon footprint. Data centers are a major contributor to greenhouse gas emissions.

AI-powered scams are draining Americans' bank accounts

AI-powered fraud is making online scams easier and more convincing for Americans. Scammers use AI to clone voices, create deepfake videos, and tailor pitches to people's weaknesses. On September 30, more than 35 consumer protection and advocacy groups launched a campaign calling on lawmakers to hold online platforms accountable. Big Tech companies profit from scam advertisements while consumers bear the burden of avoiding fraud.

Sources

• Here's 1 of the Best AI Stocks Investors Should Consider Buying in October With $1,000
• SpaceX vs. Nvidia: Which Is the Better Trillion-Dollar Artificial Intelligence (AI) Stock for 2027?
• SpaceX vs. Nvidia: Which Is the Better Trillion-Dollar Artificial Intelligence (AI) Stock for 2027?
• SpaceX vs. Nvidia: Which Is the Better Trillion-Dollar Artificial Intelligence (AI) Stock for 2027?
• SpaceX vs. Nvidia: Which Is the Better Trillion-Dollar Artificial Intelligence (AI) Stock for 2027?
• Here's 1 of the Best AI Stocks Investors Should Consider Buying in October With $1,000
• Applied Materials vs. Qualcomm: What Revenue Trends Tell Investors About These Artificial Intelligence Companies
• Anthropic and OpenAI Are Both Headed to IPO. These 3 Industrial Stocks Win Either Way.
• SailPoint (SAIL) Could Be 7% Undervalued After Its AI Identity Security Update
• SailPoint Well-Positioned for Critical Role in AI Agent Identity Security, Oppenheimer Says
• CoreWeave Makes a 240 MW Bet on India's AI Infrastructure
• CoreWeave Makes a 240 MW Bet on India's AI Infrastructure
• LSC-DPO: Learning-Signal-Controlled Direct Preference Optimization
• Students build AI-powered solutions for education at Minds and Machines Hackathon
• AlphaSense Expands Enterprise AI Security and Governance as Businesses Demand Verifiable, Trustworthy AI
• Breakfast News: Artificial Intelligence, Real Debt
• SPONSORED: Growing pains: how distributed AI training changes the network between datacenters
• Using AI to mitigate the growing environmental threat of data centers
• Is AI a threat? Yes — it is already emptying Americans’ bank accounts.