Jensen Huang was in the middle of a meeting when the phone rang. On the other end: the President of the United States, calling to chat about what would soon become the talk of Wall Street. Hours later, Donald Trump took to Truth Social to publicly congratulate Nvidia on its most recent earnings report. Nvidia’s second quarter of fiscal year 2027 delivered $96.22 billion in revenue, a 106% increase compared to the same period a year earlier, powered almost entirely by insatiable demand for AI infrastructure. The numbers behind the call The data center segment posted $89.0 billion in revenue for the quarter, a 117% year-over-year jump, accounting for the vast majority of the company’s total sales. GAAP net income hit $59.69 billion. Looking ahead, Nvidia guided for $108 billion in revenue for Q3, plus or minus 2%. The company also signaled roughly 70% revenue growth for the full fiscal year 2028. Nvidia shares climbed nearly 9-10% on August 27, 2026, the day after the earnings release. Trump, Huang, and the politics of chips Trump’s congratulatory Truth Social post landed late on August 27 or August 28, depending on your time zone, just hours after his call interrupted Huang’s meetin...
Nvidia CEO Jensen Huang interrupted by Donald Trump call during meeting, hours before presidential congratulations on earnings
1 month ago
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