Where Data Tells the Story
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Nvidia’s latest AI chip, Blackwell, has already raked in billions in sales in its first quarter. Its biggest customers include cloud hyperscalers like Microsoft, Google, and Amazon.
"We delivered $11 billion of Blackwell architecture revenue in the fourth quarter of fiscal 2025, the fastest product ramp in our company’s history" - Colette Kress, CFO
Nvidia CEO Jensen Huang has claimed that next-generation AI will need 100 times more compute power than older models due to new reasoning approaches.
Despite the earnings beat, Nvidia shares are down almost 9% over the past five days as part of the recent tech sell-off.
Investors may be concerned about Nvidia’s outlook for Q1 FY26—GAAP gross margins are expected to be 70.6%, which is down from the 73.0% reported in Q4 FY25.
Trump’s tariff threats are also likely playing a role, given Nvidia’s reliance on TSMC for manufacturing.