Nvidia reports record $81.6B quarter, reveals $43B in startup holdings

BitcoinWorld

Nvidia reports record $81.6B quarter, reveals $43B in startup holdings

Nvidia announced another record-breaking financial quarter on Wednesday, reporting $81.6 billion in revenue for the three months ending April 26 — a 20% increase from the previous quarter. The company’s data center revenue alone reached $75.2 billion, also a record. However, the company signaled a slowdown in growth, forecasting $91 billion in revenue for the next quarter, representing 12% growth.

Record revenue and Blackwell adoption

The results underscore Nvidia’s dominant position in the AI chip market. CFO Colette Kress noted that the company’s Blackwell architecture has been adopted by every major hyperscaler, cloud provider, and large-scale AI model developer. “Our Blackwell architecture is everywhere,” Kress said during the earnings call. The company also authorized $80 billion in share repurchases, signaling confidence in its financial position despite the projected growth deceleration.

Startup investments nearly double

A notable surprise in the filing was the sharp increase in Nvidia’s holdings in privately held companies, listed as “non-marketable equity securities.” The value of these stakes nearly doubled from $22 billion at the start of the quarter to $43 billion by April 26. The jump was driven by $18.5 billion in purchases during the quarter, compared to just $649 million in the previous quarter. This figure does not include Nvidia’s recent investment in publicly traded companies like Corning and IREN, nor future commitments that have not yet closed.

OpenAI and Anthropic investments

In February, Nvidia committed to investing $30 billion in OpenAI, though the exact structure of the deal was not disclosed. On the earnings call, CEO Jensen Huang also highlighted a significant pending buildout with Anthropic. “The amount of capacity we’re going to bring online for Anthropic this year and next year is going to be quite significant,” Huang said. “Our coverage for Anthropic had been largely zero until this.”

China exports remain uncertain

Nvidia’s earnings were not significantly impacted by exports to China. While the H200 chips have been approved for US export, Kress said the company has yet to generate any revenue from them and remains uncertain whether imports will be allowed into China. The ongoing trade restrictions continue to create uncertainty for Nvidia’s access to the Chinese market.

Why this matters

Nvidia’s results are a bellwether for the broader AI industry. The company’s record revenue and aggressive investment in startups signal that the AI infrastructure buildout is accelerating, even as growth rates moderate. The surge in startup holdings suggests Nvidia is strategically positioning itself across the AI ecosystem, from chip design to model development. Investors and industry watchers will be closely watching the next quarter’s results to see if the projected slowdown materializes.

Conclusion

Nvidia’s latest earnings reflect a company at the peak of its influence in the AI hardware market, but also one navigating geopolitical headwinds and a maturing growth trajectory. The record revenue, combined with aggressive investments in key AI startups, underscores the company’s long-term bet on the AI revolution.

FAQs

Q1: What was Nvidia’s revenue for the quarter ending April 26?
Nvidia reported $81.6 billion in revenue, a 20% increase from the previous quarter.

Q2: How much did Nvidia invest in startups during the quarter?
Nvidia purchased $18.5 billion in stakes in privately held companies, bringing its total holdings to $43 billion.

Q3: What did Nvidia say about exports to China?
Nvidia CFO Colette Kress said the company has yet to generate any revenue from approved H200 exports to China and remains uncertain about future imports.

This post Nvidia reports record $81.6B quarter, reveals $43B in startup holdings first appeared on BitcoinWorld.