Nvidia announced its first-quarter financial report today, which showed better-than-expected results and led to the company’s stock price surpassing $1000 for the first time. The following summarizes the highlights from this financial report and the conference call.
Summary:
Nvidia, the leading U.S. technology company, released its first-quarter financial report for 2025, which exceeded market expectations. As a result, Nvidia’s stock price rose after the announcement, reaching $1007 before the deadline, with a 6% increase in after-hours trading.
According to Nvidia’s official press release, the first-quarter financial report exceeded market expectations in the following areas:
– Revenue reached $26 billion, a year-on-year increase of 262%, surpassing the market’s expectation of $24.69 billion.
– Adjusted earnings per share were $6.12, exceeding Wall Street’s expectation of $5.65.
– Net profit was $14.88 billion, a year-on-year increase of 628%.
In addition, Nvidia expects revenue for the next quarter to reach $28 billion, exceeding the market’s expectation of $26.61 billion.
Furthermore, Nvidia’s data center division was the primary source of revenue in the first quarter, with revenue reaching $22.6 billion, a year-on-year increase of 427%, accounting for 86.9% of the company’s total revenue. The revenue from other divisions includes:
– Gaming division: $2.65 billion, an 18% increase.
– Professional visualization division: $427 million, a 45% increase.
– Automotive division: $329 million, an 11% increase.
Nvidia also announced a stock split, with a ratio of 1:10, and a 150% increase in dividends after the split, from $0.04 per share to $0.1 per share. The stock split is expected to take place on June 7th.
In addition to the better-than-expected first-quarter financial results, Nvidia CEO Jensen Huang’s remarks during the conference call are also noteworthy. The following are four highlights from the financial report:
1. Blackwell platform achieves revenue this year:
According to Nvidia’s financial report, the Blackwell platform is now in full production and is expected to be delivered to customers this year. Huang also stated that Blackwell architecture GPUs will be shipped in the second quarter and production will increase in the third quarter. It is expected that Blackwell will generate substantial revenue for Nvidia in the fourth quarter of this year.
2. Eliminating concerns about demand gap:
With the launch of the Blackwell platform, some investors may worry that Nvidia’s customers will choose to wait for Blackwell and not purchase Hopper, resulting in a sales gap for Nvidia. Huang addressed this concern during the conference call, emphasizing that Blackwell is backward compatible with the Hopper architecture system. This means that customers can purchase Hopper first and easily transition to Blackwell later.
Additionally, Nvidia CFO Colette Kress pointed out that the demand for H2000 and Blackwell already exceeds supply and expects this situation to continue until 2025.
3. Rise of sovereign AI and multimodal business:
Nvidia also stated that sovereign AI and new multimodal capabilities are driving the company’s further development. During the conference call, Colette Kress mentioned that the importance of artificial intelligence has attracted the attention of every country. As countries deploy sovereign AI, data center revenue will continue to diversify. Nvidia expects sovereign AI revenue to increase from zero last year to billions of dollars this year.
Sovereign AI refers to a country’s ability to produce AI using its own infrastructure and data. Multimodal capabilities refer to AI’s ability to perceive and understand information through various modes such as text, images, and audio.
4. “Generation per year” for new chips:
Huang revealed during the conference call that Nvidia will not only launch new chips after Blackwell but also accelerate the pace of chip architecture updates. The update cycle will be shortened from every two years to every year.
Inspired by Nvidia’s financial report, AI concept tokens in the cryptocurrency market have seen significant increases, with TAO token performing particularly well, currently priced at $456.24, with a 24-hour increase of 9.6%. However, other tokens such as ICP and RNDR initially experienced a surge after the financial report but have since experienced continuous declines, with 24-hour decreases of 2.9% and 3.3% respectively.
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