Nvidia reported Q3 sales guidance of about $91 billion, exceeding analysts’ averages, and highlighted a push to win business from companies beyond the traditional hyperscalers like AWS. The company also announced a massive dividend increase and emphasized expansion into robotics, automated vehicles and other physical AI applications to reduce reliance on a handful of large data center operators.

Elon Musk outlined plans to launch data centers into low Earth orbit by 2028, leveraging reusable rockets and Starlink connectivity to host cloud services outside terrestrial networks. This initiative could create a novel segment of cloud infrastructure, presenting a potential new front of competition for Amazon Web Services in an environment where latency, resilience and global reach are crucial.