Nvidia's Blowout Earnings: How High Can the Stock Go Now?

Nvidia’s Q2 FY27 results were massive, but the stock’s muted reaction underscores why bulls and bears are still arguing over what the numbers mean for 2027. Nvidia reported $96.22 billion in Q2 FY27 revenue, up 105.8% year over year, with Data Center generating $89.02 billion. Shares closed at $209.66, up 12.55% year to date. The piece flags three investor concerns: no China Data Center compute revenue in the Q3 outlook, gross margin guidance easing from 75% to 74% (with expectations of 71%–72% later), and a “circular financing” narrative tied to $279 billion in supply commitments and $108.5 billion in guarantee obligations.