NVIDIA announces record revenue and $43 billion in investments
NVIDIA announced record-breaking financial results after the market closed on Wednesday. For the quarter ending April 26, the company reported $81.6 billion in revenue, a 20% increase compared to the previous quarter. Revenue from the data center segment reached a record $75.2 billion. Against the backdrop of this success, the company approved an $80 billion share buyback program. This is reported by Techcrunch.com reports .
NVIDIA CFO Colette Kress noted that the company's Blackwell architecture is being widely adopted by all major cloud providers and model developers. Nevertheless, the company forecasts that growth will slow slightly in the next quarter, with revenue expected to be around $91 billion. While export issues to China have not significantly impacted revenue, uncertainties remain regarding the entry of H200 chips into that market.
One of the most unexpected pieces of news in the report was the volume of NVIDIA's stakes in private startups. Between January and April, the company's investments in the private sector nearly doubled, rising from $22 billion to $43 billion. This growth was primarily driven by $18.5 billion in new acquisitions made during the quarter.
These figures do not include NVIDIA's investments in public companies such as Corning and IREN. Additionally, the $30 billion investment pledged to OpenAI in February is not included in this report. In a conversation with investors, Jensen Huang emphasized that the partnership with Anthropic is expanding and that capacity for them will be significantly increased in the coming years.
