Pulled out of the Black Well

Despite a severe setback, Nvidia pulled it off once again

There have been serious concerns about the ROI on AI and yield problems with Blackwell, but Nvidia pulled it off again and delivered a result significantly above guidance.

Beating the revenue guidance of $28B with 2B$ to just above 30B$, representing 15% QoQ and a 122% YoY growth. As usual, the increase was driven by the Data Centre business that reached $26.3B, demonstrating that the H100 is not just filling the void before Blackwell takes over, but the H100 demand is still solid.

Despite the excellent result and a mixture of “Maintain” and “Outperform” ratings from the analyst communities, the investor community was less impressed, and the Nvidia stock responded negatively.

It looks like the worry of some of the larger financial institutions and economists about AI's ROI has taken hold, and investors are starting to believe in it. What I know for sure is that I know as …