Overview
- Nvidia reported another beat on revenue and earnings, with total revenue up about 85% year over year, sustaining its role at the center of the AI compute boom.
- The company formally introduced the Vera CPU as a processor built for AI orchestration and agentic systems and said it will pursue standalone CPU sales.
- Nvidia told investors it is targeting roughly $20 billion in standalone CPU revenue this year and described the opportunity as a new roughly $200 billion total addressable market.
- Shipments of the Vera platform are slated to begin in the third quarter, but management said the pace of customer adoption and production ramp remains uncertain.
- Investors have pulled valuations down to the lowest forward earnings multiple since before the AI rally as they weigh tighter U.S. export rules for China, renewed competition from Intel and AMD, and execution risk; management also split data-center reporting into Hyperscale and ACIE to show efforts to broaden the customer base.