Nvidia has change into the world’s most dear firm on the again of AI chips, passing Microsoft and Apple alongside the best way, and in at the moment’s Q3 2025 earnings, the corporate prompt its document AI income and income are solely the start.
Whereas The Data not too long ago reported that its new flagship Blackwell AI servers might need cooling points, the corporate didn’t handle that on at the moment’s name — as a substitute, Nvidia assured traders that Blackwell is in “full manufacturing,” is “full steam” forward, and that the corporate would proceed to ship extra of the chips every quarter from right here on out.
Nvidia has already shipped 13,000 Blackwell samples to its prospects this quarter, mentioned CFO Colette Kress, and Nvidia CEO Jensen Huang claimed Blackwell’s success can already be measured within the billions because of this. “As you may see from all of the techniques being stood up, Blackwell is in nice form,” Huang informed traders.
Whereas Nvidia has lengthy been often known as a graphics and gaming firm, pioneering the GPU, its information heart fortunes have now outstripped its different companies by an order of magnitude. Gaming is now merely a $2-3 billion enterprise every quarter for Nvidia, however its AI-infused information facilities raked in $30.7 billion this previous quarter, making up the overwhelming majority of its $35 billion in quarterly earnings.
A lot of that’s pure revenue for Nvidia, too: $14.8 billion in Q1, $16.6 billion in Q2, and now a revenue of $19.3 billion in Q3. (Microsoft and Apple made $24.7 billion and $21.4 billion in revenue, respectively, this previous quarter, although.)
Virtually, which means there’s substantial overlap between every new era of chips as companies get them organized and stick them into information facilities. Although Blackwell is Nvidia’s newest and biggest, Nvidia says at the moment that the H200 it introduced final yr is definitely now the fastest-selling product it’s ever made, rising to a number of billions of {dollars}’ value this previous quarter.
Nvidia’s H100 was its unique profitable AI product, although it took longer to see its present success; Huang says the corporate expects demand for its H-series chips to proceed by means of most of subsequent yr.
