The Zhitong Finance App learned that on Thursday morning Beijing time, Nvidia (NVDA.US) announced the results for the first fiscal quarter of the 2025 fiscal year. According to the data, the company's Q1 revenue reached 26 billion US dollars, up 262% year on year, and market expectations were 24.7 billion US dollars; net profit was 14.88 billion US dollars, up 628% year on year; earnings per share excluding certain projects were 6.12 US dollars, and the market expected to be 5.65 US dollars.

The data center division is currently Nvidia's largest revenue source, generating revenue of US$22.6 billion, up 427% year on year, with market expectations of US$21 billion; the gaming division's revenue is US$2.6 billion, up 18% year on year, and market expectations are US$2.6 billion.

Nvidia expects second-quarter revenue to reach around 28 billion US dollars, exceeding market expectations of 26.8 billion US dollars.

“The next industrial revolution has begun,” Nvidia CEO Wong In-hoon said in a statement. “Artificial intelligence (AI) will bring significant productivity improvements to almost all industries, and help companies increase cost and energy efficiency while expanding revenue opportunities.”

This optimistic outlook solidifies Nvidia's position as the biggest winner of the AI boom. The company's so-called artificial intelligence accelerators have become a hot item over the past two years, causing sales to soar. Nvidia's market capitalization also soared, surpassing $2.3 trillion.

After the latest earnings report was announced, Nvidia rose more than 6% after the market, and its stock price broke through $1,000. Since this year, the stock has accumulated a 92% increase.

Nvidia announced a “1 split of 10” shares and raised its quarterly dividend by 150% to 10 cents per share.

According to information, Microsoft-supported OpenAI released ChatGPT in 2022, triggering a competition for major technology companies to build their own artificial intelligence infrastructure. This battle made Nvidia's H100 accelerator a must-have product. Each chip costs tens of thousands of dollars and is often in short supply.

But most of this new revenue comes from a small number of customers. The four companies Amazon, Meta Platforms, Microsoft, and Alphabet's Google are Nvidia's biggest buyers, accounting for about 40% of sales.

Nvidia emphasizes that it wants to sell its technology to a wider market, not just big cloud computing vendors. Hwang In-hoon said that artificial intelligence is shifting to consumer internet companies, car manufacturers, and healthcare customers. Governments are also developing their own artificial intelligence systems.

In addition to cloud service providers, these opportunities are “creating multiple multi-billion dollar vertical markets,” he said.

Despite this, hyperscale enterprises remained Nvidia's key growth driver last quarter. They contribute approximately 45% of the company's data center revenue. This shows that Nvidia is in the early stages of diversifying its business.

The company's new chip platform, called Blackwell, is now in full production. It lays the foundation for generative artificial intelligence that can handle trillions of parameters. “We are ready for the next wave of growth,” Hwang In-hoon said.