Nvidia posts record $81.6B quarter, reveals $43B in startup stakes
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- Nvidia reported $81.6 billion in revenue for the quarter ending April 26, up 20% from the prior quarter, with a record $75.2 billion in data center revenue, and is authorizing $80 billion in share repurchases.
- Nvidia forecast $91 billion in revenue for the next quarter, representing 12% growth — a projected deceleration from the 20% sequential jump just posted.
- Nvidia's CFO Colette Kress said H200 chips approved for U.S. export to China have generated no revenue yet, and the company remains 'uncertain whether any imports will be allowed' into China.
- Nvidia's stakes in privately held companies nearly doubled from $22 billion to $43 billion, driven by $18.5 billion in purchases during the quarter compared with just $649 million the prior quarter.
- Nvidia committed $30 billion to OpenAI in February, per the filing; the deal structure was not disclosed and the figure is separate from the $43 billion private-holdings tally.
- Jensen Huang told investors that Nvidia's 'coverage for Anthropic had been largely zero until this,' signaling a significant new capacity buildout for the AI lab this year and next.
Why it matters: Nvidia's private-equity stake nearly doubling in a single quarter — from $22B to $43B — turns the chipmaker into one of the largest backers of AI startups, with $18.5B deployed in three months dwarfing the $649M the prior quarter. That capital firepower, layered on top of $80B in buybacks and the Anthropic capacity commitment, gives Nvidia influence over both the AI startups it funds and the hyperscalers buying its chips.
