economy
Nvidia posts another record quarter, reveals $43B of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow in the following quarter.
TL;DR
- Nvidia announced record revenue of $81.6 billion for the quarter ending April 26.
- Data center revenue reached a record $75.2 billion.
- The company is authorizing $80 billion in share repurchases.
- Revenue growth is projected to slow to 12% in the next quarter, with forecasted revenue of $91 billion.
- Nvidia's holdings in privately held companies nearly doubled, increasing from $22 billion to $43 billion.
- A significant portion of this increase was due to $18.5 billion in purchases over the quarter.
- Nvidia has approved H200s for U.S. export but has not yet generated revenue from them for China.
- Nvidia has a pending buildout with Anthropic, with significant capacity expected to come online.
- Nvidia committed to investing $30 billion in OpenAI.