NVIDIA's data center revenue grew from $7 billion in fiscal 2021 to $194 billion in fiscal 2026, with projections reaching $559 billion by fiscal 2028. The surge is driven by expanding AI demand across training, inference, reasoning, and agent applications, with efficiency improvements like the Rubin chip expected to make AI economically viable for more use cases and further accelerate growth.
The 10-year Treasury yield reached its highest level since 2007, climbing to 5.025% as markets anticipate a Federal Reserve rate hike following persistent inflation above the central bank's 2% target. The sell-off in government debt reflects heightened correlation between oil prices and Treasury yields, with geopolitical factors driving both higher energy costs and inflation expectations.