Overview
- Nvidia reported $57 billion in quarterly revenue, including about $51.2 billion from data centers, and guided roughly $65 billion for the current quarter.
- CEO Jensen Huang dismissed bubble claims, and CFO Colette Kress said near‑term GPU supply is effectively spoken for over the next two years.
- An early rally reversed as Nvidia shares turned lower and major indexes fell, highlighting persistent volatility around the AI trade.
- Nvidia cited geopolitical friction and rising competition in China, noting that sizable purchase orders did not materialize in the quarter.
- High‑profile investors moved to hedge or exit positions and questions about private AI funding—especially at OpenAI—pressured partners such as SoftBank and Oracle.