Nvidia Just Delivered Bad News for AMD and Intel

Nvidia delivered strong Q2 earnings with 70% expected annual revenue growth for fiscal 2028, significantly exceeding Street expectations of 44%. The company is rapidly expanding into the CPU market with its new Vera CPU for AI agents, projecting $20 billion in CPU revenue for fiscal 2027 and expecting that to more than double in fiscal 2028. This aggressive expansion into CPUs—traditionally dominated by AMD and Intel—poses a competitive threat to both companies, though the growing agentic AI market may provide room for all players.