Nvidia reported earnings on Wednesday night. |
The results were strong across the board. But the most important thing wasn't the headline numbers — it was what CEO Jensen Huang said about the road ahead. |
SpaceX is transforming into an AI company – right before the June 12 IPO. |
Here's how to claim Pre-IPO shares right now. |
Let's start with the quarter. |
Revenue hit $81.6 billion — up 85% from a year ago. Net income more than doubled to $43.0 billion. Adjusted earnings were $1.87 per share, beating the $1.76 consensus estimates. |
Data center revenue jumped 92% year-over-year to $75.2 billion. That's now roughly 92% of total sales. |
Then came the guidance. |
Nvidia forecast $91 billion in revenue for the current quarter. Wall Street was looking for $86.8 billion. And that number excludes any data center revenue from China, where Nvidia remains effectively locked out of a market it has said could generate $50 billion annually. |
The stock dipped slightly after the report. Profit-taking and incredibly high expectations are the obvious explanations. |
But the real story is the outlook. |
The AI buildout is just getting started. |
On the call, Huang said hyperscaler capital spending is on pace to exceed $1 trillion in 2027. That's up from roughly $725 billion this year. And his projection for total AI infrastructure spending by the end of the decade is staggering — $3 trillion to $4 trillion annually. |
Let that sink in. Annual AI spending could reach 5x the current level within four years. |
Huang called it "the largest infrastructure expansion in human history." And he said it's accelerating. |
SpaceX is quickly becoming a major player in AI – after a recent deal with Anthropic. Get your Pre-IPO shares by clicking here. |
Demand is broadening beyond the hyperscalers. |
Nvidia restructured how it reports revenue this quarter. The data center business is now split into two buckets — hyperscalers (Microsoft, Amazon, Google, etc.) and ACIE, which covers AI clouds, industrial customers, and enterprise. |
Hyperscalers contributed $38 billion in the quarter. ACIE delivered $37 billion — and grew 31% quarter-over-quarter. AI cloud revenue alone more than tripled year-over-year. |
Sovereign AI revenue grew over 80% from a year ago. Nvidia infrastructure is now deployed in nearly 40 countries. |
This is the part that gets overlooked. Nvidia isn't just selling chips to a handful of giants. It's selling to governments, automakers, robotics companies, and 250,000 enterprises around the world. |
Here’s my takeaway… |
The "beat and sell" reaction tells you how high the bar is. But the underlying story is unchanged. Nvidia is the platform for the AI era. Every major frontier model — OpenAI, Anthropic, Gemini, xAI, Meta, Mistral — runs on Nvidia. |
I own NVDA in my portfolio and I'm a buyer on weakness. |
The SpaceX IPO is the next big catalyst tied to this AI infrastructure boom. Elon's space-based AI data center plans run directly through Nvidia's space-grade chips. |
Go here to claim Pre-IPO shares before June 12. |
Ian Wyatt |
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