By Amanda Gerut
Publication Date: 2025-11-20 00:07:00
The Nvidia CEO said on Wednesday that the chipmaker he co-founded excels at every phase of AI, and that the world is currently at a tipping point that Nvidia is uniquely positioned to preside over.
“The transition to generative AI is transformational and necessary, supercharging existing applications and business models, and the transition to agentic and physical AI will be revolutionary, giving rise to new applications, companies, products and services,” said Huang. “Nvidia is unlike any other accelerator.”
Huang’s comments come amid white-knuckled fears among some investors over an AI bubble and the potential cascade effects should it burst, which recently drove down global stock prices and saw Nvidia’s market value tumble 10% in three weeks. But on Wednesday, Nvidia announced soaring revenue of $57 billion, bashing past analyst’s expectations as sales rose 22% from the previous quarter and 62% from a year ago. Leading the way was data center revenue of $51. 2 billion, up 25% over last quarter and 66% year over year, confirming Nvidia’s dominant position as the key supplier for hyperscalers.
In comparison, in the second quarter Nvidia saw total revenue of $46.7 billion and data center revenue of roughly $41 billion.
Chief financial officer Colette Kress told analysts that Nvidia expects to benefit from $3 trillion to $4 trillion in AI infrastructure spending by 2030, although she warned that Nvidia needs access to China to remain competitive. Sales of…
