Nvidia reported unprecedented financial performance in its latest quarter, closing with $81.6 billion in revenue—a 20% increase from the prior period—and $75.2 billion in data center revenue, marking a new record. The company also authorized $80 billion in share repurchases, leveraging its strong financial position. Colette Kress, Nvidia’s CFO, highlighted the widespread adoption of its Blackwell architecture, noting its deployment across major hyperscalers, cloud providers, and AI model developers.

Despite projecting a slower growth rate for the next quarter, with revenue expected to reach $91 billion (a 12% increase), Nvidia’s results remained robust. Chinese export challenges did not significantly impact earnings, as the company has yet to generate revenue from H200 chips approved for U.S. export and faces uncertainty about potential imports into China. Kress emphasized that current restrictions have not yet affected the company’s financials.

A key surprise was the substantial growth in Nvidia’s private equity holdings, which nearly doubled to $43 billion by the end of the quarter. This surge, driven by $18.5 billion in purchases during the period, reflects aggressive investment in startups. The increase excludes recent public market investments, such as stakes in Corning and IREN, as well as unannounced future commitments. Notably, Nvidia pledged a $30 billion investment in OpenAI in February, though the deal’s specifics remain undisclosed.

Jensen Huang, Nvidia’s founder and CEO, underscored the company’s expanding influence during an investor call. He highlighted plans to significantly scale infrastructure for Anthropic, stating that capacity for the AI startup would grow substantially in the coming years. This expansion aligns with Nvidia’s broader strategy to dominate AI development through both hardware innovation and strategic partnerships.