This strong performance reflects the ongoing AI boom, which has made Nvidia a major beneficiary.
Revenue reached US$35.1 billion, a 94% increase compared to the same period last year. This figure surpassed analyst expectations of US$33.25 billion, though it fell short of the previous quarter’s growth rate.
Nvidia provided revenue guidance of US$37.5 billion for the current quarter, aligning with market estimates.
Despite positive earnings, Nvidia’s stock price dipped slightly in after-hours trading. This could be due to concerns regarding the new Blackwell chip architecture. Launched earlier in 2024, some reports have suggested these chips face overheating issues in servers.
However, CEO Jensen Huang emphasized “incredible” customer demand for the Blackwell, adding that the previous Hopper architecture remains in high demand.
The AI sector continues to experience significant growth, driving demand for specialized AI chips. Nvidia’s success highlights the potential for companies offering solutions that support AI development and adoption.
While initial production challenges exist, the long-term outlook for Nvidia’s new Blackwell chip architecture appears promising.