Nvidia posts record $81.6B quarter, reveals $43B in startup holdings
Data center revenue hit $75.2B as Nvidia doubles private investments to $43B.
Nvidia posted another record quarter after market close Wednesday, reporting $81.6B in revenue for the period ending April 26 — a 20% sequential increase. Data center revenue alone hit a record $75.2B, underscoring the insatiable demand for its Blackwell architecture. CFO Colette Kress noted that "every major hyperscaler, cloud provider, and model maker" has adopted Blackwell. The company also announced an $80B share repurchase authorization.
A standout detail: Nvidia's private company holdings (non-marketable equity securities) ballooned from $22B to $43B in just three months, driven by $18.5B in purchases — up from $649M the prior quarter. This does not include its $30B commitment to OpenAI or investments in public firms like Corning and IREN. CEO Jensen Huang highlighted a pending "quite significant" capacity buildout with Anthropic. Nvidia guided $91B for next quarter (12% growth) and confirmed no material revenue from approved H200 exports to China.
- Revenue hit $81.6B (up 20% QoQ) with $75.2B from data center.
- Private startup holdings surged from $22B to $43B, fueled by $18.5B in purchases.
- Nvidia committed $30B to OpenAI and plans major capacity expansion for Anthropic.
Why It Matters
Nvidia's massive startup investments signal deepening ties with AI leaders, reshaping infrastructure spending and competitive dynamics.