NVIDIA just smashed records with $57B in revenue
NVIDIA just pulled in a record $57 billion this quarter, making $31.9 billion in profit and sending its stock up over 3%.
Their AI chips are flying off the shelves—CEO Jensen Huang said, "Blackwell sales are off the charts, and cloud GPUs are sold out."
All this success is putting NVIDIA at the center of conversations about whether the AI market is headed for a bubble.
What else to know
NVIDIA's data center business jumped 66% from last year, hitting $51.2 billion, and its total value has now topped $4.5 trillion.
The company has also announced big partnerships with OpenAI and Anthropic.
Looking ahead, NVIDIA expects to make even more next quarter ($65 billion).
Still, not everything's smooth: US-China trade tensions mean China is pushing for homegrown chip options instead of relying on NVIDIA.
Even so, NVIDIA remains a major force in global AI.