SANTA CLARA, Viral Sach (Bureau) : On Wednesday, Nvidia reported extraordinary quarterly earnings that surpassed Wall Street forecasts, driven by what the company described as “off the charts” demand for its artificial intelligence chips. The technology giant posted a staggering $31.9 billion in profit on a record-breaking quarterly revenue of $57 billion, causing its shares to climb by more than three percent in after-hours trading.
The impressive results underscore the insatiable global appetite for Nvidia’s sophisticated graphics processing units (GPUs), which are fundamental to powering the current AI boom. The company’s data center division was the primary engine of this growth, generating $51.2 billion in revenue—a 25% increase from the previous quarter and a 66% surge year-on-year.
CEO Jensen Huang highlighted the exceptional performance of the new “Blackwell” model, stating that its sales are booming and cloud GPUs are completely sold out.
Looking ahead, Nvidia projected a revenue of $65.0 billion for the upcoming quarter, a figure that is nearly $3 billion higher than analysts had anticipated. This optimistic forecast comes amid ongoing discussions about a potential AI bubble in the market. With a valuation exceeding $4.5 trillion, Nvidia continues to solidify its position as a pivotal player in the tech industry, navigating both immense demand and geopolitical complexities, including trade tensions with China.
The company also announced significant new partnerships with OpenAI and Anthropic, further cementing its role at the core of AI infrastructure development.
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