Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Source: TechCrunch
Financial Results
Nvidia announced record revenue for the quarter ending April 26, reporting $81.6 billion in total revenue, up 20 % from the previous quarter. Data‑center revenue hit a new high of $75.2 billion. On the strength of this performance, the company authorized $80 billion in share repurchases.
Outlook
The company projected a slowdown in growth, forecasting $91 billion in revenue for the next quarter, representing 12 % growth.
Blackwell Architecture
“Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker,” said Nvidia CFO Colette Kress.
Chinese Export Situation
Chinese exports did not materially affect earnings. Although the H200 has been approved for U.S. export, Kress noted, “we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into [China].”
Private‑Equity Stakes
Nvidia’s holdings in privately held companies (listed as “non‑marketable equity securities”) nearly doubled between January and April:
- Beginning of quarter: $22 billion
- End of quarter: $43 billion
- Purchases during the quarter: $18.5 billion (versus $649 million in the prior quarter)
These figures exclude recent investments in publicly traded companies such as Corning and IREN, and do not reflect future commitments that have not yet closed. Nvidia also committed to a $30 billion investment in OpenAI in February, though the deal’s structure was not disclosed.
Anthropic Buildout
On the earnings call, CEO Jensen Huang highlighted Nvidia’s expanding role with Anthropic:
“The amount of capacity we’re going to bring online for Anthropic this year and next year is going to be quite significant. Our coverage for Anthropic had been largely zero until this.”