Nvidia has reported a stunning financial performance, achieving a record revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter. The data center revenue alone reached an impressive $75.2 billion, prompting the company to authorize an $80 billion share repurchase program.
Colette Kress, Nvidia's CFO, highlighted the widespread adoption of their Blackwell architecture, stating, "Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker."
Looking ahead, Nvidia anticipates a slowdown in revenue growth, projecting $91 billion for the upcoming quarter, which represents a 12% growth.
Interestingly, Nvidia's earnings were not significantly affected by Chinese exports. Kress noted, "While H200s have been approved for US export, we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into China."
A remarkable aspect of Nvidia's recent report was the substantial increase in its investments in privately held companies, which soared from $22 billion to $43 billion within just three months. This growth was primarily driven by $18.5 billion in new purchases during the quarter, a stark rise from the $649 million recorded in the previous quarter.
It is important to note that this figure does not account for Nvidia's recent investments in publicly traded companies such as Corning and IREN, nor does it include future commitments yet to be finalized. Notably, Nvidia pledged $30 billion to invest in OpenAI earlier this year, although the specific details of this deal remain undisclosed.
During a call with investors, Jensen Huang emphasized Nvidia's extensive influence, mentioning a significant collaboration with Anthropic. "The amount of capacity we're going to bring online for Anthropic this year and next year is going to be quite significant," Huang stated, reflecting on the transformative potential of their partnership.
