Nvidia says memory crisis caps revenue growth despite $96B quarter

Nvidia reported $96.2 billion in quarterly revenue, but CEO Jensen Huang said results are constrained by a global memory shortage that is inflating costs and limiting supply. Data center revenue hit $89 billion, up 117% year-over-year, while "Edge Computing"—which includes gaming—rose 27% to $7.1 billion, with slower consumer PC sales blamed on elevated memory and systems prices. Huang confirmed "extreme pricing conditions" in memory, with increases exceeding expectations and rising into next year. The company projected a conservative 70% revenue growth for fiscal 2028 due to capacity limits. Samsung has also warned of a "severe" memory supply crisis next year, a shortage Nvidia's AI expansion is itself intensifying.