Special report: Nvidia's fiscal second-quarter revenue hits $96.2 billion, a 106% year-over-year surge, with data center revenue reaching $89 billion, up 117%. Here's a breakdown of the key points from Nvidia's earnings and its subsequent conference call.

Nvidia projected robust revenue growth for the upcoming quarter, yet this guidance failed to excite investors. During the follow-up call, CFO Colette Kress indicated that growth would accelerate next year, with revenue expected to climb by 70%. Nvidia rarely issues such long-term forecasts, and it was this uncommon move that propelled its shares up more than 5% in after-hours trading.

Supply chain constraints persist, and the company noted that its guidance could have been even higher if it had unrestricted access to components. Memory-related issues, in particular, are weighing on both AI industry growth and Nvidia's profitability. The company emphasized that its increasing investments are set to deliver substantial returns, and these are not one-time expenditures.