Over the past 12 months to 29 May 2025, Nvidia (NASDAQ: NVDA) has remained a cornerstone of HALO Technologies’ Tech Stars and AI Thematic portfolios, returning an impressive 31.61% p.a. to investors. With its latest earnings report, the momentum shows no signs of slowing down — and we believe there is still more to come.
Another “Double Beat” on Wall Street
Nvidia's fiscal Q1 earnings released late Wednesday showcased strong outperformance:
• EPS (non-GAAP): $0.81 vs. $0.74 expected (up from $0.61 YoY)
• Revenue: $44.06 billion vs. $43.33 billion expected (up 69% YoY)
These results mark a powerful continuation of Nvidia’s revenue “hockey stick” — driven primarily by demand in AI infrastructure, cloud computing, and advanced graphics technologies.
Despite a loss of approximately $8 billion in revenue from China due to export controls, Nvidia’s fiscal Q2 guidance remains strong at $45 billion ±2%, largely in line with analyst expectations.
AI Infrastructure at the Core
The company’s Data Centre segment continues to lead the charge, with $39.1 billion in revenue, up 73% YoY. Nvidia is not only selling chips — it's building a global network of AI factories and infrastructure:
• Global Expansion: AI supercomputer partnerships announced in the U.S., UAE, Saudi Arabia, Japan, and Taiwan.
• New Technologies: Blackwell Ultra chips, NVLink Fusion™, and Quantum-X silicon photonics.
• Cloud Availability: Blackwell cloud instances now available across AWS, Google Cloud, Microsoft Azure, and Oracle.
• Record Performance: Blackwell platform delivering up to 30x higher throughput in MLPerf AI benchmarks.
This positions Nvidia as the enabler of next-generation AI development across industries — from drug discovery and robotics to autonomous driving and digital twins.
Gaming, PCs and Visualisation Also Deliver
• Gaming revenue: $3.8 billion — a record quarter (up 42% YoY)
• Pro Visualization: $509 million — up 19% YoY
Automotive: $567 million — up 72% YoY
