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“There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Nvidia Chief Jensen Huang said, kicking off his presentation of the tenth quarter in a row where his data center giant beat Wall Street estimates.

Nvidia Corp. (NVDA)
 

The whiz kid himself was happy to share that AI is a profit center for the whole industry: data center providers, hyperscalers using those datacenters, and companies using those trained models. Nvidia pulled in $57 billion in revenue, with $51.2 billion coming from data centers, and a gross margin that climbed to 73.4%. Revenue climbed 62% from last year.

For the coming quarter, Nvidia expects revenue of $65 billion, plus or minus 2%, and margins between 74%-75%, well within the goal post of the $62 billion estimate. CFO Colette Kress added that Blackwell chips, the firm’s flagship model, are sold out.

“We currently have visibility to a half a trillion dollars in Blackwell and Rubin revenue from the start of this year through the end of calendar year 2026,” Kress said.

In the past, Huang has used earnings calls to discuss promising opportunities for future sales. Huang said his chip sales could climb to $50 billion in revenue, depending on trade talks with China. Kress said their forward guidance still does not include any expected data from China, leaving some room for another miracle beat somewhere down the line.

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