英伟达Q2财报：数据中心营收占比92.5%，同比增长106%
Nvidia's financial result is out.
英伟达财报是AI产业链风向标，数据中心营收占比和增长数据直接反映行业景气度，建议关注其投资布局对AI实验室的绑定效应。
Nvidia's financial result is out.
英伟达的财务业绩已公布。
Its Data Center business now accounts for roughly 92.5% of its total revenue, generating $89B of the company's $96.2B Q2 revenue.
其数据中心业务目前约占总收入的92.5%，在第二季度公司总营收962亿美元中贡献了890亿美元。
Quarterly revenue up 106% YoY, gross margin at 75%.
季度营收同比增长106%，毛利率达到75%。
About 55% of Data Center revenue now comes from hyperscalers. Q3 guidance is $108B with zero China Data Center compute revenue assumed.
数据中心收入中约55%来自超大规模云服务商。第三季度指引为1080亿美元，且假设中国数据中心计算收入为零。
It also disclosed $99B in equity investments (roughly $47.7B in public-company holdings, $47.9B in private companies, plus $3.3B in infrastructure-financier stakes.). The private portfolio alone more than doubled in six months, from $22.3B to $47.9B,
公司还披露了990亿美元的股权投资（其中上市公司持股约477亿美元，私营公司投资约479亿美元，另有33亿美元的基础设施融资方股份）。仅私营公司投资组合在六个月内就翻了一倍多，从223亿美元增至479亿美元。
Another $25B committed, and $20B of long-term data-center leases it plans to reassign.
另外还承诺投入250亿美元，并计划重新分配200亿美元的长期数据中心租赁。
Separately, Nvidia has a conditional guarantee capped at $105B on OpenAI's Ohio data-center leases if OpenAI defaults or stops paying.
此外，英伟达对OpenAI在俄亥俄州的数据中心租赁提供有条件担保，上限为1050亿美元，若OpenAI违约或停止支付则触发。
Seperately, according to The Information, Nvidia says roughly 25% of its revenue next year will be tied to AI labs that it is financially supporting through investments and other financing arrangements.
另据The Information报道，英伟达表示其明年约25%的收入将与AI实验室挂钩，这些实验室通过投资和其他融资安排获得其财务支持。
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