Overview
- Nvidia reported a record quarter with $96.22 billion in revenue, up about 106% year over year, and has guided roughly 70% revenue growth for fiscal 2028.
- CEO Jensen Huang has said the company expects to sell twice as many chips next year and publicly argued that AI safety is an engineering problem not a matter for new laws.
- The White House, including Treasury Secretary Scott Bessent and AI adviser David Sacks, publicly praised Huang’s stance and President Trump spoke with Huang to push back on calls to slow AI development.
- Management has expanded balance‑sheet support for customers, reporting nearly $50 billion invested in frontier AI labs and a much larger equity portfolio while disclosing supply commitments and guarantee obligations that analysts say raise circular financing and counterparty risk.
- Investors and analysts remain broadly bullish but warn of customer concentration at the top of the AI stack, reported insider sales and a reported $12.9 billion Hugging Face deal that together raise questions about valuation and funding risks for the wider AI buildout.