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Nvidia Posts Record Quarter, Announces $80B Buyback

Data‑center GPU demand pushed revenue to about $82 billion, a surge exposing supply bottlenecks plus China export curbs that could test Nvidia’s AI lead.

Overview

  • The company reported roughly $81.6–82 billion in quarterly revenue with about $75.2 billion from its data‑center segment, which now represents nearly 92% of total sales.
  • Nvidia guided next‑quarter revenue near $91 billion and its board authorized an additional $80 billion in share repurchases while raising the quarterly dividend to $0.25 per share.
  • Management disclosed $119 billion in supply commitments and $30 billion in cloud capacity agreements intended to lock in manufacturing and hosting capacity for large customers.
  • U.S. export limits and a Chinese customs action that added the RTX 5090D V2 to a banned list led Nvidia to assume no near‑term data‑center revenue from China, tightening access to that market.
  • Hyperscaler capex and developer lock‑in around Nvidia’s CUDA stack sustain near‑term demand but rivals’ custom chips and constrained wafer capacity at partners like TSMC pose longer‑term risks to growth.