Nvidia's Q2 Revenue Surges 106% to $96B

Key Takeaways

• Nvidia reported $96 billion in fiscal Q2 revenue, a 106% increase year over year.
• AMD retains Stanley Druckenmiller's sole chip stock holding after he sold Intel and Broadcom.
• AMD projects an 80% growth in its CPU segment for the second half of 2026.
• TSMC reported record August 2026 sales of NT$514.8 billion driven by AI chip demand.
• Non-hyperscaler revenue for Nvidia rose 138% to $40 billion in the latest quarter.
• Investors are shifting focus from AI stocks to U.S. Treasury bonds as yields approach 5 percent.
• AMD reported a 12.5% net margin on nearly $34.6 billion in fiscal 2025 revenue.
• Nvidia expects revenue to reach $678 billion by fiscal 2028 with the Vera Rubin platform.
• Intel faces competition from AMD and Nvidia while Druckenmiller sold his position.
• AI agents are being developed with new permissioned funding systems instead of traditional bank accounts.

Three AI Chip Stocks to Buy in September

September is a volatile month for stocks, but investors can take advantage of market movements before and after midterm elections. Nvidia remains an attractive stock with a $5.4 trillion market cap and strong growth in AI infrastructure. Advanced Micro Devices is well positioned for inference tasks and agentic AI, with a partnership with Cerebras and a projected $220 billion market by 2030. Broadcom has become a bargain growth story, expecting its AI revenue to double to $115 billion in fiscal 2027 and reach $230 billion in fiscal 2028.

AMD vs Nvidia Which Semiconductor Stock Is a Better Buy

Investors are comparing Advanced Micro Devices and Nvidia to see which chipmaker offers more value in 2026. AMD reported revenue of nearly $34.6 billion in fiscal 2025 with a net margin of 12.5%, while Nvidia reached $215.9 billion in revenue for fiscal 2026 with a net margin of 55.6%. AMD faces competition from Intel and Nvidia, while Nvidia deals with export controls and evolving competition. Both companies rely on TSMC for manufacturing and face risks from geopolitical tensions and U.S. export controls.

Nvidia Has 96 Billion Revenue Why Stock Is Still a Buy

Nvidia generated $96 billion in revenue for fiscal Q2, a 106% increase year over year, despite its $5.4 trillion market cap. The company is guiding for roughly 70% revenue growth in fiscal 2028, driven by its new Vera Rubin computing platform. Non-hyperscaler revenue rose 138% to $40 billion, showing strong growth outside major cloud providers like Amazon and Microsoft. Analysts project $411 billion in revenue for fiscal 2027 and $678 billion for fiscal 2028, though Nvidia expects higher figures.

Druckenmiller Sold Micron Broadcom and Intel Here Is the Biggest AI Chip Designer Left

Billionaire Stanley Druckenmiller sold his positions in Broadcom, Intel, and Micron, leaving only Advanced Micro Devices in his portfolio. He bought AMD because it is strong in CPUs and GPUs, which are crucial for the rise of agentic AI. AMD expects its CPU segment to grow 80% in the second half of 2026 and 70% in 2027. The company also plans to release new rack-scale systems every year, with deals already announced with Meta Platforms and Anthropic.

AT&T Adds Cloud and AI Security Veteran Fazal F Merchant to Board

AT&T appointed Fazal F. Merchant to its Board of Directors, bringing experience in cloud and AI security from his role as President and CFO of Wiz Inc. Merchant will serve on key board committees, adding expertise in cybersecurity and complex corporate finance. His background aligns with AT&T's focus on converged networks and enterprise connectivity solutions. AT&T has a market value of about $175.4 billion and is pushing into cloud connected services.

New Belief-State Engine Helps AI Plan Better

Researchers created a new tool called the Belief-State Engine to fix problems with AI agents. These agents often make bad choices when they do not have full information about their environment. The new system uses a Bayesian model to track hidden states and shares only that information with the main AI. Tests on the Tiger POMDP and attack-graph tasks show the tool improves decision quality and consistency. The code and specifications for this system are now available for others to use.

Katie Miller Criticizes OpenAI While Holding xAI Stock

Katie Miller, a former aide to the Department of Government Efficiency, has been attacking major AI companies for nine months. She uses her social media platform to criticize ChatGPT, Claude, and Gemini. Reports indicate she holds an investment in the rival company xAI while making these public statements. This situation has drawn attention to her role and her financial interests in the AI sector.

AI Stocks Lose Market Focus as Bonds Rise

Investors are shifting their attention away from AI stocks and toward U.S. Treasury bonds. The gap between tech stock volatility and the broader market has narrowed after reaching record highs this summer. Rising oil prices and inflation concerns are now driving market movements more than AI news. The ten-year Treasury yield is approaching 5 percent as traders focus on macroeconomic factors. Earnings season has also ended, which reduces the usual volatility seen around big tech company reports.

AI Agents Need Permissioned Funding Not Bank Accounts

Experts suggest AI agents should use permissioned funding sources instead of separate company bank accounts. This approach allows the Treasury to keep money centralized while giving software the authority to spend it. Virtual cards and stablecoins can serve as tools for these transactions without needing individual accounts for every agent. This system helps manage identity, spending limits, and payment methods for thousands of autonomous agents. It solves the problem of cash sitting idle in many different places by separating money from spending permission.

TSM Reports Record Sales From AI Chip Demand

Taiwan Semiconductor Manufacturing Company reported record sales of NT$514.8 billion for August 2026. This growth is driven by strong demand for artificial intelligence chips from customers worldwide. The company also reported a profit increase of over 77 percent compared to the same time last year. TSM projects third-quarter revenues between $44.6 billion and $45.8 billion. As the world's largest chip foundry, TSM operates advanced 5nm, 4nm, and 3nm technologies at full capacity.

Sources

• 3 AI Chip Stocks to Buy in September
• Advanced Micro Devices vs. Nvidia: Which Semiconductor Stock Is a Better Buy in 2026?
• Nvidia Has $96 Billion in Quarterly Revenue. Here's Why the Stock Is Still a Buy.
• Billionaire Stanley Druckenmiller Has Sold Micron, Broadcom, and Intel. Here's the Biggest AI Chip Designer Left in His Portfolio.
• AT&T (T) Adds Cloud And AI Security Veteran Fazal F. Merchant To Its Board
• Belief-State Engine: Augmenting LLMs for Principled Planning Under Partial Observability
• Ex-DOGE aide Katie Miller attacked OpenAI while invested in rival xAI
• AI is losing its stranglehold on the U.S. stock market. Here's why
• AI Agents Need Permissioned Funding Sources. Not Company Bank Accounts.
• TSM Reports Record Sales Driven by AI Chip Demand