Nvidia’s record quarter keeps the AI boom humming — even as guidance hints at a cooler tempo
International Desk — August 29, 2025
Nvidia has set another high-water mark for the AI era, reporting $46.7 billion in quarterly revenue—up 56% year over year—as demand for chips that power generative AI shows little sign of slowing. Net income rose 59% to $26.4 billion, underscoring how thoroughly the company has captured the market for accelerated computing in big data centers. The bulk of the money, $41.1 billion, came from Nvidia’s data-center division, which continues to benefit from hyperscalers and AI labs racing to train and deploy ever-larger models. TechCrunch
On the product side, management cast the moment as a validation of its latest platform. Chief executive Jensen Huang hailed Blackwell—Nvidia’s newest data-center architecture—as the hardware at the center of today’s AI race. In the quarter, Blackwell contributed a significant share of data-center sales, while earlier-generation Hopper systems continued to sell through, helping to expand overall capacity. Nvidia also told investors that Blackwell data-center revenue grew sequentially, reflecting ramping production of rack-scale systems for customers building out AI infrastructure at pace. TechCrunchmarkets.businessinsider.com
The near-term outlook was buoyant but measured. For the current quarter, Nvidia guided to $54 billion in revenue (±2%), a figure that excludes any contribution from H20 chips intended for China. The company said it did not ship H20 devices to Chinese customers last quarter amid uncertainty around a proposed export arrangement, even as Chinese authorities have discouraged domestic firms from using Nvidia parts. That combination—strong results now, unresolved questions on China—explains why Wall Street’s reaction was enthusiastic but not euphoric. TechCrunch
A handful of outlets framed the guidance as the first clear sign that breakneck growth is easing after two extraordinary years. Coverage noted that while the data-center line remains formidable, investors are weighing the sustainability of triple-digit surges and the timing of China-related sales. In aggregate, the message is steadier than last year’s fireworks: Nvidia is still delivering records, but the slope of the curve is flattening at the edges. Los Angeles TimesABC News
None of that dims the scale of the build-out already underway. Nvidia’s results capture a capital-spending cycle unlike anything the industry has seen since the dawn of the cloud. Rack-scale systems—bundling dozens of GPUs, custom networking and software into a single unit—are moving from early deployments into broader production as large customers race to keep up with model sizes and inference loads. Analyst commentary points to the company’s NVL-class racks and high-speed networking as key drivers inside those data centers, with sequential growth in networking revenue echoing what customers are ordering on the ground. Barron’s
Huang, for his part, is not shy about the stakes. On the earnings call and in interviews, he described an infrastructure cycle measured in trillions of dollars by decade’s end, arguing that AI is now a general-purpose platform rather than a niche research tool. The company’s official release struck a similar tone, positioning Nvidia as the standard layer for training, long-context reasoning and accelerated inference—areas where customers are still capacity-constrained despite heavy investment. TechCrunchmarkets.businessinsider.com
Still, the China question hangs over the next leg of growth. Nvidia emphasized that any pickup in H20 or newer shipments will depend on licensing clarity and customer appetite in a market where government guidance is shifting. Until then, the company is effectively running a two-track playbook: meet roaring demand in the U.S., Europe and parts of Asia while keeping a close eye on when, and how, China might re-enter the mix. That prudence feeds directly into the company’s tempered guidance—and into how investors parse the storyline from here. TechCrunch
The bottom line: Nvidia remains the center of gravity for AI hardware, printing record sales while cautioning that not every quarter can defy gravity. If China opens, guidance could lift; if it doesn’t, the company still has more than enough demand to keep factories busy as Blackwell ramps. For buyers, the practical read is simple—capacity is arriving, but the queue is long. For everyone else watching the AI economy, the signal is just as clear: the boom is intact, even if the metronome is slowing from allegro to andante. TechCrunch
Reporting based on Nvidia’s earnings coverage and company materials current as of August 29, 2025. TechCrunchmarkets.businessinsider.comLos Angeles Times