Chip large and world’s most precious firm Nvidia reported record profits in its most up-to-date quarter on Wednesday, as demand for AI compute continues to skyrocket.
“The demand for tokens on the earth has gone utterly exponential,” CEO Jensen Huang stated on a name with analysts following the outcomes. “I believe we’re all seeing that, to the purpose the place even our six-year-old GPUs within the cloud are utterly consumed and the pricing goes up.”
The corporate reported $68 billion in income in the newest quarter, up 73% from the prior yr, with $62 billion of that income coming from the corporate’s knowledge heart enterprise.
Notably, Nvidia divided the information heart income into $51 billion in compute income (largely GPUs) and $11 billion in networking merchandise like NVLink. The corporate reported $215 billion in income for the complete yr.
As in earlier quarters, the corporate didn’t report any income from chip exports to China, regardless of the current lifting of export restrictions by the U.S. authorities. “Whereas small quantities of H200 merchandise for China-based prospects had been authorized by the US authorities, they’ve but to generate any income, and we have no idea whether or not any imports shall be allowed into China,” Colette Kress, the corporate’s chief monetary officer, stated.
“Our opponents in China, bolstered by current IPOs, are making progress,” she continued, in an obvious reference to Moore Threads’ IPO in December, “and have the potential to disrupt the construction of the worldwide AI business over the long run.”
In the course of the investor name, Huang additionally addressed the corporate’s pending funding in OpenAI, which has been reported at $30 billion.
Techcrunch occasion
Boston, MA
|
June 9, 2026
“We proceed to work with OpenAI towards a partnership settlement. We imagine we’re shut,” Huang stated. He additionally referenced partnerships with Anthropic, Meta, and Elon Musk’s xAI. Nevertheless, statements Nvidia filed with the U.S. Securities and Alternate Fee on Wednesday emphasised that there was “no assurance” an funding would happen.
Huang additionally addressed issues in regards to the sustainability of tech corporations’ capex commitments, saying he believed the compute investments would quickly convey income.
“On this new world of AI, compute is income. With out compute, there’s no solution to generate tokens. With out tokens, there’s no solution to develop revenues,” Huang stated. “We’ve reached the inflection level and we’re producing worthwhile tokens which can be productive for patrons and worthwhile for the cloud service suppliers”
