Nvidia is heading into its August 26 earnings date with fresh evidence that AI infrastructure spending is still accelerating. On July 23, Amkor Technology announced a multi-year, $1.5 billion agreement with Nvidia to expand advanced chip packaging and test capacity in the US, news that sent Amkor shares up about 15% in late trading. Under the deal, Nvidia will make a prepayment to help Amkor expand its US advanced packaging operations, including capacity in Arizona, and the two companies will jointly develop packaging and testing technologies for Nvidia's AI and accelerated-computing platforms. Amkor already handles advanced packaging for Nvidia's data center processors, so the agreement deepens an existing relationship, and it lands weeks after Amkor struck a separate 10-year partnership with TSMC in June. On August 5, the stock jumped as much as 4.9% after SpaceX, reporting its first earnings as a public company, revealed it will build its AI systems exclusively on Nvidia GPUs using the Vera Rubin architecture, with Elon Musk saying SpaceX expects to receive "a very significant percentage" of Nvidia's GPU output next year. SpaceX is targeting more than 2 gigawatts of compute capacity by the end of 2026 and 10 gigawatts by the end of 2027. Wall Street consensus calls for fiscal second-quarter revenue of roughly $91.8 billion and EPS around $2.08, both modestly above management's own guidance of about