Nvidia has become the world's most valuable company thanks to ai chips, surpassing Microsoft and Apple along the way, and in today's Q3 2025 earnings, the company suggested that its record ai revenue and profits They are just the beginning.
While <a target="_blank" href="https://www.theinformation.com/articles/nvidia-customers-worry-about-snag-with-new-ai-chip-servers”>The information recently reported that its new flagship Blackwell ai servers could have cooling issues, the company didn't address that on today's call; Instead, Nvidia assured investors that Blackwell is in “full production,” that it is “full steam ahead” and that the company would continue. deliver more tokens every quarter from now on.
Nvidia has already shipped 13,000 Blackwell samples to customers this quarter, CFO Colette Kress said, and Nvidia CEO Jensen Huang said that, as a result, Blackwell's success can already be measured in the billions. “As you can see from all the systems being implemented, Blackwell is in excellent shape,” Huang told investors.
While Nvidia has long been known as a graphics and gaming company that pioneered GPUs, the fortunes of its data centers have now surpassed its other businesses by an order of magnitude. Gaming is now merely a $2 billion to $3 billion business each quarter for Nvidia, but its ai data centers raked in $30.7 billion last quarter, making up the vast majority of its $35 billion in profits. quarterly.
Much of that is pure profit for Nvidia, too: $14.8 billion in the first quarter, $16.6 billion in the second quarter, and now a profit of $19.3 billion in the third quarter. (However, Microsoft and Apple made $24.7 billion and $21.4 billion in profits, respectively, this past quarter.)
In practice, that means there is substantial overlap between each new generation of chips as companies order them and place them in data centers. Although Blackwell is Nvidia's latest and greatest product, Nvidia says today that the H200 it announced last year is actually now the fastest-selling product it has ever made, worth several billion dollars last year. quarter.
Nvidia's H100 was its original winning ai product, although it took longer to see its current success; Huang says the company expects demand for its H-series chips to continue for most of next year.
