NVIDIA posted $96.2B in quarterly revenue, up 106% YoY, but the real signal is that its take per 1 GW of data center jumps from $25B to $40B, with the increment all in CPUs and networking. Non-hyperscale customers grew 138% YoY and NeoCloud capacity is heading from 3 GW to 8 GW in a year — that's the order pool for the optical supply chain. The cost: gross margin troughs at 71–72%.