Data from CITIC Construction reveals that NVIDIA recorded revenue of $96.22 billion in the second quarter of fiscal year 2027, marking a significant 106% year-on-year increase. Looking ahead to the third quarter of fiscal year 2027, the company projects revenue to hit $108 billion, give or take 2%, which translates to an approximate 89% year-on-year surge. NVIDIA also foresees its revenue climbing by roughly 70% in fiscal year 2028, with the possibility of even steeper growth if supply chain bottlenecks are eased. Presently, global AI capital expenditures are maintaining a strong upward trajectory.
In tandem with this, MiniMax’s path to commercialization has gained substantial momentum. Its revenue soared to about $117 million in the first half of 2026, soaring 283.1% from the same period the previous year, and experiencing an 81.8% quarter-on-quarter jump in the second quarter. As it stepped into the third quarter, growth accelerated even further. In July, Token consumption skyrocketed to 20 times the level seen in January, and by August, the Annual Recurring Revenue (ARR) had surpassed $800 million.