Nvidia revenues up 94%

Nvidia made a profit of $19.3 billion on sales up 94% y-o-y at $35.1 billion in the quarter to the end of October.

For the current quarter Nvidia is forecasting  revenue growth of 69.5% y-o-y to reach $37.5 billion.

Datacentre sales grew 112% y-o-y to $30.77 billion compared to 154% y-o-y growth in the previous quarter.

“The age of AI is in full steam, propelling a global shift

to Nvidia computing,” said CEO Jensen Huang (pictured) “demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference.”

The y-o-y growth was the slowest for seven quarters and was attributed not to any slowing in demand, or to  any manufacturing issues related to Blackwell overheating,  but to a mask change in the summer and constrained  capacity at TSMC. 

Huang said access to more capacity, and improving yields and cycle times will improve supply.