Nvidia posts another record quarter, reveals $43 billion of holdings in startups
TechCrunch
Nvidia reported record quarterly revenue of $81.6 billion and disclosed that its holdings in private startup equity have surged to $43 billion.Summary
Nvidia announced a record-breaking fiscal quarter with $81.6 billion in revenue, fueled significantly by its data center business. The company authorized $80 billion in share repurchases despite forecasting a slowing revenue growth rate of 12% for the coming quarter. Additionally, Nvidia revealed a major increase in its investments in privately held companies, which grew from $22 billion to $43 billion in just three months. CEO Jensen Huang also highlighted major upcoming capacity deployments for partners like Anthropic, while noting that export restrictions continue to limit the company's revenue impact in China.
(Source：TechCrunch)