Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company is authorizing $80 billion in share repurchases.
“Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker,” said Nvidia CFO Colette Kress.
Notably, Nvidia did project a slowdown in revenue growth, forecasting $91 billion in revenue for the next quarter, which will be 12% growth.
Chinese exports did not make any significant impact on the company’s earnings. While H200s have been approved for US export, “we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into [China],” Kress...
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