NVIDIA’s Incredible Growth: AI Data Centers Drive Record Revenue

The world’s most valuable company, NVIDIA, reported in its quarterly financial statement released Wednesday that the company’s revenue reached $46.7 billion, a 56% increase compared to the same period last year. The primary driver of this sales growth was its artificial intelligence (AI)-based data center business, which grew 56% year-over-year.

The company stated that its net income for the second quarter was $16.4 billion, a 61% increase compared to the same period last year.

Revenue from data centers totaled $41.1 billion, indicating sustained demand from AI companies for its advanced graphics processing units. The company’s cutting-edge chip, Blackwell, contributed over $7 billion to this revenue.

CEO Jensen Huang said, “Blackwell is the AI platform the whole world has been waiting for. The AI race is on, and Blackwell is at the center of it.”

He further stated that by the end of the decade, investment in AI infrastructure could reach $3–4 trillion.

NVIDIA recently played a crucial role in launching OpenAI’s GPT-OSS model. One Blackwell GB system processed 150,000 tokens per second on a 200 NVL72 rack-scale system.

The company has faced challenges selling chips in the Chinese market. During this quarter, no H20 chips were sold to Chinese customers, though $650 million worth of H20 chips were sold to a customer outside China.

NVIDIA CFO Colette Kress explained that the reason for not shipping H20 chips to China was unclear sales conditions, which have not yet been formally incorporated into federal regulations.

However, the Chinese government has incentivized local businesses regarding NVIDIA chip usage, resulting in the temporary halt of H20 chip production.

NVIDIA’s third-quarter revenue forecast is $52 billion, which does not include shipments of H20 chips to China.