I barely bear in mind the final time Nvidia talked about gaming in any respect in an earnings name

Once I hear ‘Nvidia,’ I nonetheless assume ‘gaming’. However after scrubbing by the corporate’s newest earnings name, I am unsure Nvidia is considering a lot about gaming as of late in any respect. In truth I had to return by the data a complete yr to discover a time when it made one point out of it in an earnings name. That is how little affect it seemingly has on the corporate’s backside line.

None of Nvidia’s board members a lot as uttered the phrase ‘gaming’ to traders as soon as once more. However with the information centre phase bringing in $89 billion this quarter alone, accounting for nearly 93% of the corporate’s whole income, it is not arduous to see the place the corporate’s priorities now lie, and why.

Nvidia made $96 billion in whole income within the second quarter of 2026, doubling what it made throughout the identical interval final yr. Nvidia CFO Colette Kress informed traders, “The surge in AI demand is driving a world infrastructure buildout, supported by an increasing and numerous set of development alternatives, spanning hyperscalers, AI labs, AI natives, enterprises and sovereign prospects.”

For these unclear, I am going to clarify the final a part of this remark: hyperscalers deal with large AI workloads so want lots of infrastructure like knowledge centres. AI labs are on the tech’s bleeding edge when it comes to analysis and growth. ‘AI natives’ refers to workflows, merchandise, or firms which can be constructed from the bottom up round AI—in different phrases, it is an inextricable facet from the beginning. Enterprise prospects might have in any other case bolted on data-centre-dependent AI merchandise at a later date. Lastly, sovereign prospects can symbolize both companies and even whole international locations that wish to retain full management over an AI expertise’s whole lifecycle.

The actually brain-melting factor although is that Kress provides that the corporate expects “to develop income by roughly 70% in fiscal 2028,” even within the midst of the RAMpocalypse. In truth, Nvidia feels it could be making an entire lot extra money if it weren’t for the reminiscence disaster it is contributing to. Nonetheless, even in a “supply-constrained” panorama, Nvidia is just not anticipating the demand for AI or knowledge centres to decelerate any time quickly. That leaves gaming out within the chilly.

In truth, Nvidia now not reviews on gaming as its personal separate phase. As a substitute, this has apparently been bundled up into the Edge Computing phase, which itself made $7.2 billion. Kress feedback that these “will increase have been pushed by robust gross sales of Blackwell workstations, partially offset by slower shopper PC gross sales that have been tempered by elevated reminiscence and techniques costs.” The Edge Computing phase noticed a 27% year-over-year enhance, although this win nonetheless pales compared to all issues AI at Nvidia.

Clearly, Nvidia hasn’t stopped promoting its very shiny RTX 50-series GPUs—so shiny in truth, that it could have been genuinely cheaper for me to fly to QuakeCon and purchase an RTX 5090 on the Nvidia sales space than choose up the GPU completely anyplace else. However regardless that the RTX 5090 prices a small fortune, gaming is clearly not the precedence it as soon as was for Nvidia, nor has it been for some time.

The final time I bear in mind Nvidia mentioning gaming in an earnings name was this time final yr, and even then AI was already making 10 instances as a lot as gaming. De-emphasising the gaming phase even additional is one thing we might all have seen coming. With that in thoughts, listening to ‘Nvidia’ and nonetheless considering ‘gaming’ earlier than ‘AI’ or ‘knowledge centres’ places me firmly behind the instances.