Overview
- Nvidia posted roughly $57 billion in quarterly revenue and guided to about $65 billion next quarter, with executives saying cloud GPU and next‑gen Blackwell supply are effectively sold out and supply commitments jumped 63% sequentially.
- Early gains after the report faded as tech shares reversed intraday, with Nvidia turning negative and major indexes sliding, underscoring fragile sentiment around the AI trade.
- Prominent investors signaled caution, including Michael Burry’s more than $1 billion in put options, Peter Thiel’s full Nvidia share sale, and SoftBank’s move to sell 32.1 million Nvidia shares, as markets reassessed AI‑linked exposures.
- Economists and strategists warned that GPUs depreciate quickly and may be rendered obsolete by fast product cycles, while questions about circular funding and the affordability of massive data‑center builds—especially around OpenAI—kept risks in focus.
- Nvidia remains the bellwether for AI and broader markets, with some analysts calling the results a fresh leg in a multiyear buildout even as others, including Ray Dalio, caution that valuations are in bubble territory and future returns could be low.