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Nvidia shares are soaring after the company reported another record-breaking quarter that beat Wall Street's expectations for the 15th straight quarter. Nvidia reported second-quarter revenue of $96.2 billion, more than double the $46.7 billion it posted in the same period a year ago, and adjusted earnings per share of $2.22 versus the $2.10 analysts were expecting. Data center revenue, which powers the company's AI accelerator business, came in at $89 billion, up 117% year over year. Nvidia also guided third-quarter revenue to approximately $108 billion, ahead of consensus, and forecast full-year fiscal 2028 revenue growth of approximately 70%. On the earnings call, Nvidia CEO Jensen Huang said, "Demand is super strong, and incredibly, it's accelerating." The one wrinkle in an otherwise stellar report was gross margins. Nvidia said margins will decline from 75% in the second quarter to around 71% to 72% in the fourth quarter as memory prices surge. CFO Colette Kress described the envi...

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