Nvidia’s Earnings KNEECAPS AI Bubble Fears With Record Revenue Printing (Sorry Burry…)

Pour one out for our boy Michael Burry… 

There’s a point in every cycle where you can feel the market collectively asking, “Is this real or am I hallucinating?” Nvidia just hit that point again. Every quarter, Jensen Huang steps onstage dressed like he’s about to unveil a new motorcycle brand, and every quarter he proceeds to casually rewire the global economy.

(Source: Giphy) 

This one wasn’t any different… because of course it wasn’t. And while the entire market was collectively clenched heading into yesterday's close, Nvidia did what they always do, absolutely steamroll anyone who claims there’s a “bubble”. In short, Nvidia posted $57 billion in revenue (Street wanted $54.9B), $1.30 EPS (Street wanted $1.25), and then… or the grand finale… told analysts it expects $65 billion next quarter when everyone else was modeling $61.6B like cowards. Bigly.

(Source: CNBC) 

Additionally, data center revenue grew by a bolstering 66%, net income went scorched earth (up 65% to $31.9B), and compute revenue alone nailed $43 billion. And then Jensen wandered onto the call in his leather jacket and delivered one of the most unintentionally funny lines in earnings history: “We’ve entered the virtuous cycle of AI. AI is going everywhere, doing everything, all at once.” Naturally, the market’s reaction was instant: ah yes, the AI trade is alive, Jensen is still Him, and no, this isn’t the top.

Meanwhile, here’s the part that’s breaking traders’ brains: cloud GPUs are completely sold out. For instance, Microsoft, Amazon, Google, Meta… everyone is writing checks like they’re barricading a hurricane with capex across hyperscalers hitting north of $380B this year. Translation: A large chunk of that is basically “send to Jensen.” 

(Source: X)

What’s more is that the Blackwell generation is already the best-selling chip family. GB300 is printing revenue like a mint on performance-enhancing drugs. And Nvidia casually reminded everyone they have $500B in forward orders for 2025 and 2026 combined… and “the number will grow.” Because of course it will. Hyperscalers don’t get to tell their boards, “Actually, we’re good on compute.” That’s career suicide.Even the “legacy” lines looked possessed. Gaming revenue: $4.3B, up 30%. Professional visualization: $760M, up 56%. Automotive and robotics: $592M, up 32%. These are businesses other companies would build multi-year roadmaps around. Nvidia logs them as footnotes.

And then China… a rounding error. They only moved $50M of the new H20 chips because geopolitical pissing matches scared off big orders. That’s supposed to be a headwind. Nvidia shrugged it off because they can. Oh, and Obi-Huag Kenobi bought back $12.5B worth of stock and tossed $243M in dividends at shareholders just to keep things interesting. 

(Source: Giphy) 

Meaning, If you were waiting for the AI trade to die, it just had the most inconvenient resurrection imaginable. Because at the end of all this, Nvidia just reminded everyone that AI isn’t cooling off. It’s accelerating…  and homeboy Jensen has both hands on the throttle. Until next time, friends… 

At the time of publishing, Stocks.News holds positions in Microsoft, Google, Amazon, and Meta as mentioned in the article.