Nvidia says uncertain whether any imports will be allowed into China

Says data center revenue was driven by sustained strength in Blackwell architecture and demand for GB 372 was particularly strong, with frontier model builders and hyperscalers, each having cumulatively deployed hundreds and thousands of Blackwell GPUs, marking the fastest product ramp in the company’s history. Says number of partner data centers exceeding ten megawatts has nearly doubled in just one year. Says share of frontier AI models will grow significantly. Says data centers are revenue generating AI factories constrained by power and capital. Says Vera will deliver up to 1.5x faster performance per core, 2x performance per watt, and 4x density per rack compared to x86 based alternatives. Says on track to commence production shipments of Vera Rubin in the second half of this year starting in Q3. Says while the U.S. government has approved licenses for H200 to be shipped to China based customers, the company has yet to generate any revenue and is uncertain whether any imports will be allowed into the country. Says in Q1, increased total supply inclusive of inventory purchase commitments on prepaids to $145B. Says fully confident in the $1T in Blackwell and Rubin revenue the company foresees from 2025 through calendar 2027. Comments taken from Q1 earnings conference call.

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