Nvidia posts record quarter, discloses $43B in startup holdings
▼ Summary
– Nvidia reported record quarterly revenue of $81.6 billion, up 20% from the previous quarter, including a record $75.2 billion in data center revenue, and authorized $80 billion in share repurchases.
– The company forecast a slowdown, projecting $91 billion in revenue for the next quarter, representing 12% growth.
– Nvidia has not generated any revenue from approved H200 exports to China and is uncertain if imports will be allowed.
– Nvidia’s stakes in privately held companies nearly doubled from $22 billion to $43 billion in the quarter, driven by $18.5 billion in purchases.
– CEO Jensen Huang stated that Nvidia’s capacity buildout for Anthropic will be “quite significant” this year and next, noting coverage was “largely zero until this.”
Nvidia has posted another record-breaking quarter, announcing $81.6 billion in revenue for the period ending April 26. That marks a 20% sequential increase, with data center revenue hitting an all-time high of $75.2 billion. The company’s board has responded by 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 CFO Colette Kress.
However, Nvidia did signal a slight deceleration ahead. The company is forecasting $91 billion in revenue for the next quarter, representing 12% growth , down from the previous quarter’s pace.
On the China front, exports had minimal impact. While H200 chips have been cleared for U. S. export, Kress noted, “we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into [China].”
A standout detail in the earnings filing was the surge in Nvidia’s stakes in privately held companies. These non-marketable equity securities nearly doubled from $22 billion at the start of the quarter to $43 billion by April. The jump was driven primarily by $18.5 billion in purchases over the three-month period, compared to just $649 million in the prior quarter.
This figure does not include Nvidia’s investments in publicly traded firms like Corning and IREN, nor does it reflect pending commitments. Notably, in February, Nvidia committed $30 billion to OpenAI, though the structure of that deal remains undisclosed.
During an investor call, CEO Jensen Huang highlighted the company’s expanding influence, including a major 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.”
(Source: TechCrunch)
