Nvidia has announced impressive financial results for the quarter ending April 26, revealing a record revenue of $81.6 billion, representing a 20% increase from the previous quarter. A significant contributor to this growth was data center revenue, which hit a remarkable $75.2 billion. This strong performance has prompted the company to authorize a substantial $80 billion in share repurchases.
Colette Kress, Nvidia’s CFO, emphasized the widespread adoption of their Blackwell architecture, stating it has been embraced by major hyperscalers, cloud providers, and model makers across the industry.
Despite the positive results, Nvidia has projected a slower revenue growth trajectory, anticipating $91 billion in revenue for the upcoming quarter, a rate that equates to a 12% increase.
On the international front, the company noted that Chinese exports have not significantly affected its earnings. While the H200 model has received approval for U.S. export, Kress indicated uncertainty regarding the ability to generate revenue from imports into China.
Interestingly, Nvidia’s stakes in privately held companies have surged dramatically, almost doubling from $22 billion to $43 billion within the quarter. This increase was primarily due to $18.5 billion in investments made during the period, a marked rise from $649 million 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 any future commitments that have yet to materialize.
In February, Nvidia announced a significant commitment to invest $30 billion in OpenAI, although the details of how that investment will be structured remain undisclosed.
During a recent investor call, Nvidia’s CEO Jensen Huang highlighted the company’s profound influence and ongoing initiatives, including a substantial buildout with Anthropic. Huang stated, “The amount of capacity we’re going to bring online for Anthropic this year and next year is going to be quite significant,” underlining the importance of this collaboration, which previously had limited engagement with the company.
