Nvidia Corp.’s first AI infrastructure boom concentrated enormous amounts of compute. The next opportunity will be distributing it through high-speed network fabrics.
Everyone knows that I love stories that connect Silicon Valley to Wall Street. Well, two important events this week did just that, the just-concluded Hot Chips conference at Stanford University and today’s monster blowout earnings from Nvidia.
The narrative surrounding AI infrastructure has reached a fever pitch. Nvidia’s latest earnings prove that the world’s appetite for AI compute remains insatiable. With data center revenue surging and hyperscalers dropping massive capital expenditure into monolithic, liquid-cooled mega-clusters, CEO Jensen Huang made it clear: “Compute is revenue, and demand is accelerating.”
Today Nvidia posted $96.2 billion in revenue for the quarter ended July 26, and guided for $108 billion in the current period.
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” chief executive Jensen Huang said in a statement. “The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”
