Nvidia posts record $81.6B revenue, reveals $43B in startup holdings

Nvidia reported record revenue of $81.6 billion for the quarter ending April 26, up 20% from the previous quarter, with data center revenue hitting a record $75.2 billion. The company authorized $80 billion in share repurchases. CFO Colette Kress stated that the Blackwell architecture is adopted by every major hyperscaler, cloud provider, and model maker. Nvidia forecasted $91 billion in revenue for the next quarter, a 12% growth slowdown. Chinese exports had no significant impact; while H200s are approved for export, no revenue has been generated and uncertainty remains. Nvidia's stakes in privately held companies nearly doubled from $22 billion to $43 billion, driven by $18.5 billion in purchases. This does not include investments in publicly traded companies like Corning and IREN, nor a $30 billion commitment to OpenAI made in February. CEO Jensen Huang highlighted a pending buildout with Anthropic, noting that capacity for Anthropic will be significant this year and next, as coverage had been largely zero until now.