Hi everyone,
I have gathered my personal notes about the latest NVIDIA earnings this week.
$NVDA (NVIDIA Corporation) latest results once again showed just how strong demand for AI chips has become and it has reinforced my convictions on how strong is the position of NVIDIA in the global supply chain of chips (semiconductor). This quarter, the company’s revenue jumped 56% to $46.7B, right in line with analyst’s expectations, and earnings came in at $1.05/share, a little above forecasts.
Data centre sales rose to $41.1B, up sharply from last year, though sequential growth slowed compared with the prior quarter. For the current quarter, as mentioned in my previous post on NVIDIA, management guided to about $54B modestly ahead of consensus.
The main unknown in these earnings that I found is the relationship between NVIDIA and China, which the different directives given by the US government. Nvidia’s H20 chip remains blocked, and while CEO Jensen Huang has been negotiating with the Trump administration to restart sales under new terms, nothing has been finalized. If approved, management said H20 shipments could add $2–5B in the next quarter
Looking past that uncertainty, AI infrastructure spending is still in the early stages of a massive build-out. Analysts highlighted that Nvidia continues to capture the majority of incremental investment in this space which again, I agree with.
Have a nice weekend,
Guillaume Serdan... Show More
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Wed Nov 12 2025 08:41:01 GMT+0000 (Coordinated Universal Time)
