Nvidia is still a conquering force — as its latest earnings report attests

Nvidia is still a conquering force — as its latest earnings report attests

By Joseph Zeballos-Roig
Publication Date: 2025-11-20 02:44:00

Alexander the Great was said to have cried because there were no more worlds to conquer. Nvidia CEO Jensen Huang won’t be shedding such tears anytime soon.

On Wednesday afternoon, Nvidia published its earnings report for the third quarter of 2025. Analysts expected the artificial intelligence chipmaking giant to post above 50% revenue growth. Nvidia delivered and then some, posting third-quarter revenue of $57 billion, a 62% increase compared to last year.

Nvidia delivered and then some, posting third-quarter revenue of $57 billion, a 62% increase compared to last year.

“There’s been a lot of talk about an AI bubble,” Huang said on Nvidia’s earnings call. “From our vantage point, we see something very different.”

“Nvidia’s platform is the singular platform in the world that runs every AI model,” Huang said. “We run them all.”

Nvidia’s business empire hinges on the cutting-edge computer chips it manufactures to power the data centers sprouting up from Silicon Valley to northern Virginia. It has cut deals with nearly every major tech company including Google, Microsoft and Anthropic. Now, it’s setting eyes on ramping up sales of its advanced Blackwell series chip, both for domestic customers and certain foreign governments with the blessing of the Trump administration.

Despite its staggering rise, it’s worth pausing and examining the enormous spending Nvidia took to reach new heights. Questions remain whether these prominent tech firms will…