Nvidia posts another record quarter, reveals $43B of holdings in startups
TechCrunch • • general
Key Points:
- Nvidia reported record quarterly revenue of $81.6 billion, a 20% increase from the previous quarter, with data center revenue reaching a record $75.2 billion.
- The company announced an $80 billion share repurchase authorization, reflecting confidence in its financial strength.
- Nvidia forecasted a slower revenue growth of 12% for the next quarter, projecting $91 billion in revenue.
- The company’s investments in privately held companies nearly doubled to $43 billion in the quarter, driven by $18.5 billion in new purchases, excluding public company investments and future commitments like the $30 billion OpenAI deal.
- CEO Jensen Huang highlighted significant upcoming capacity expansions with partners such as Anthropic, signaling Nvidia’s growing influence across major AI and cloud sectors.