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Nvidia Sets Record Sales and Lifts Outlook, Bolstering AI Trade

A powerful data‑center surge calmed bubble worries for now.

Overview

  • The chipmaker reported about $57 billion in revenue and $31.9 billion in net income for the latest quarter, topping estimates and guiding roughly $65 billion in sales for the next period.
  • Data‑center revenue reached about $51.2 billion, with computing at roughly $43 billion and networking near $8.2 billion, as Jensen Huang said Blackwell sales are extraordinary and cloud GPUs are sold out.
  • Nvidia ended the quarter with about $60.6 billion in cash and returned approximately $12.7 billion to shareholders, largely via buybacks.
  • The company highlighted broad adoption by hyperscalers including Microsoft, Google, Amazon, Oracle and others, announced Anthropic will run initially on 1 GW of Nvidia infrastructure, and cited expanding Blackwell Ultra deployments.
  • Shares rose roughly 3%–5% after hours and broader indexes firmed, even as debate persists over an AI valuation bubble and reported circular financing arrangements between chipmakers and AI labs.