By Alex Sirois
Publication Date: 2026-09-22 15:43:00
Every AI doom headline that crosses my feed makes me want to buy more Nvidia, not less, and the company’s own numbers explain exactly why the fear and the fundamentals are pointing in opposite directions.
I bought more NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares last week, and I will probably buy more this week. AI doom chatter fills every feed I open. My cost basis keeps climbing anyway, because the numbers coming out of this company describe a business that has become the electrical grid of a new computing era, and I want to own as much of that grid as I can before retirement.
Compute Is Revenue, and the Revenue Is Compounding
Q2 fiscal 2027 landed with revenue of $96.22B, up 105.85% year over year, clearing consensus by 4.51%. Non-GAAP EPS came in at 2.22 against a 2.0887 estimate, the fifth consecutive beat. Data Center alone printed $89.02B, up 117%, with Networking inside it up 138%. Management guides Q3 to $108.0B plus or minus 2%, and that guide excludes any China Data Center compute.
The margin structure is the second reason my finger keeps hovering over the buy. Net margin sits at 55.60%, ROE at 101.5%, ROIC at 92.2%. Debt-to-equity is 0.073 with interest coverage of 503x. This is a fortress that prints cash: $21.34B of free cash flow in one quarter and $96.58B across fiscal 2026. Management returned approximately $26.0 billion to shareholders in Q2 through buybacks and the $0.25 dividend, with $99B still authorized.
Why Not AMD or Broadcom
The reflex…
