Nvidia’s AI boom is still accelerating. What it means for the AI theme and our stock picks.

Beansprout Pro in brief

• Nvidia’s Q2 FY2027 revenue rose 106% year on year to US$96.2 billion, while Data Center revenue climbed 117% to US$89.0 billion.
• Demand remains the stronger signal. Nvidia still expects about 70% revenue growth in FY2028 even as management says underlying demand is running well above that level.
• The main risk is memory. Higher memory prices are pushing Nvidia’s margins lower and are expected to remain a pressure into next year.
• That matters differently for our two AI holdings. PC Partner is exposed through both its graphics-card and emerging AI server businesses, while CSE Global is tied more closely to the physical infrastructure supporting hyperscaler expansion.
• Nvidia’s latest commentary gives us new evidence to reassess both holdings, particularly PC Partner’s regional AI server opportunity and CSE Global’s exposure to AWS.