"NVIDIA posted $68.13 billion in Q4 FY2026 revenue, up 73.2% year over year, with Data Center revenue hitting $62.31 billion, up 75%. Its Q1 FY2027 guidance calls for roughly $78 billion in revenue."
"Microsoft nearly doubled its capital expenditures to $29.88 billion in Q2 FY2026, up 89% year over year, while its commercial backlog surged 110% to $625 billion."
"If ASML and TSMC are confirming demand at the foundry and equipment layer, the entire AI infrastructure stack is signaling the same thing from the ground up."
"Staying long the picks-and-shovels names makes sense if you believe hyperscaler CapEx commitments translate into sustained chip demand while watching Microsoft's Azure growth trajectory."
ASML and TSMC's recent results indicate that hyperscaler infrastructure spending is accelerating. NVIDIA reported a significant revenue increase, with Data Center revenue rising sharply. Microsoft nearly doubled its capital expenditures, and Advanced Micro Devices also saw substantial growth in Data Center revenue. The overall chip ecosystem reflects strong demand, suggesting that investors should remain optimistic about sustained chip demand driven by hyperscaler commitments. Current trends do not indicate a slowdown in spending, which would alter the investment thesis.
Read at 24/7 Wall St.
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