""The transition to generative AI is transformational and necessary, supercharging existing applications and business models, and the transition to agentic and physical AI will be revolutionary, giving rise to new applications, companies, products and services," said Huang."
""Nvidia is unlike any other accelerator.""
""America must win the support of every developer and be the platform of choice for every commercial business-including those in China," said Kress."
Nvidia reported revenue of $57 billion, up 22% from the previous quarter and 62% year over year, driven by $51.2 billion in data-center revenue. Data-center sales rose 25% sequentially and 66% year over year, confirming Nvidia's dominant position with hyperscalers. Jensen Huang described the shift to generative, agentic, and physical AI as transformational and revolutionary, positioning Nvidia as a unique accelerator across every AI phase. CFO Colette Kress projected $3 trillion to $4 trillion in AI infrastructure spending by 2030 and warned that access to China is necessary for competitiveness. Sales of flagship GPUs remain blocked in China under restrictions, and Nvidia assumed no China revenue for the current quarter. Investor concerns about an AI bubble briefly pressured stock prices despite the strong quarter.
Read at Fortune
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