Nvidia reported quarterly revenue of $96 billion, roughly double the figure from a year earlier, as demand for AI hardware continues to outpace expectations. The company issued forward guidance above analyst estimates, framing a $108 billion revenue target for investors, while flagging that memory supply constraints could limit how fast growth translates into shipments. The stock gained following the report, recovering from an initial dip after the announcement.
Nvidia is the clearest direct read on AI infrastructure spending, so a revenue doubling with raised guidance tells you the hyperscalers are still opening their wallets at full speed. Chip-adjacent ETFs and semiconductor stocks tend to move with Nvidia's earnings cycle, meaning this result lifts the sector broadly. The memory shortage warning is the one wrinkle: if suppliers cannot keep pace, near-term delivery timelines slip and that ceiling matters for the next quarter's numbers.
Next Nvidia quarterly report: approximately August 2025. AWS re:Invent keynote updates (date TBC). Micron Technology earnings (next scheduled release ~late June 2025), which will clarify the memory supply picture Nvidia flagged.
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