Key points:

• Revenue shoots higher by 62%
• Profit explodes to $32 billion
• Markets can breathe again

“AI is everywhere,” Huang said, going further to note that the thing’s now doing “everything, all at once.”

🚀 Record Revenue, Big Praises

• Happy Nvidia day! Nvidia NVDA delivered yet another blowout quarter on Wednesday. And this one may have single-handedly yanked global markets out of their AI panic spiral.
• The company reported record quarterly sales of $57 billion, a 62% jump from last year and well above Wall Street expectations. If investors came into the print fearing the AI bubble was deflating, Jensen Huang wasted no time relieving that anxiety.
• “We’ve entered the virtuous cycle of AI,” the CEO said. “AI is going everywhere, doing everything, all at once.”

👑 Profit Boom, Blackwell Frenzy

• Net income surged to $31.9 billion, up 65% from the year-ago quarter.
• Data center sales — the growth engine of the AI revolution — hit a record $51.2 billion, beating estimates of $49 billion.
• The company said demand for its new Blackwell GPU line was “off the charts.”

😎 Good News Travels Fast

• This was the earnings moment investors had been bracing for. And the relief rally spread fast. Nvidia shares jumped 6% in after-hours trading.
• CoreWeave — one of Nvidia’s largest customers — popped 10%. Nasdaq futures surged nearly 2%, with all members of the Magnificent Seven trading sharply higher heading into Thursday.
• The results eased widespread worries about runaway AI spending and the sustainability of the chipmaker’s historic rise.

Source: Tradingview