"Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary,"
"The AI race is on, and Blackwell is the platform at its center."
"(The stock movements are) probably just an initial reaction to a so-so number,"
"Which is kind of insane that we're viewing $46.7 billion in a quarter"
Revenue rose 56% year-over-year to $46.74 billion, narrowly beating Wall Street estimates of $46.52 billion. Net income reached $26.4 billion, a 40.8% increase from $18.78 billion the prior quarter, and diluted EPS was $1.08 versus $1.02 expected. Gross margins expanded to 72.4% from 61% last quarter. Automotive and robotics revenue grew 69% year-over-year. Nvidia reported no H20 chip revenue to China for the quarter, saying tied-up inventory was sold elsewhere and estimating $2 billion to $5 billion in H20 chip value could ship to China this quarter as some buyers recently received licenses. Shares dipped about 3% in after-hours trading.
Read at Fortune
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