Nvidia has solidified its position as the world’s most valuable company, surpassing Microsoft and Apple, thanks to its dominance in AI chip technology. In its Q3 2025 earnings report, the company highlighted record-breaking AI-driven revenue and profits, signalling that this growth is just the beginning.
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Recent reports suggested potential cooling issues with Nvidia’s new flagship Blackwell AI servers, but the company dismissed concerns during the earnings call. CEO Jensen Huang reassured investors that Blackwell is in “full production” and “full steam ahead.” Nvidia CFO Colette Kress revealed that 13,000 Blackwell samples were shipped this quarter alone, with Huang touting its success as already measurable in billions. “As you can see from all the systems being stood up, Blackwell is in great shape,” Huang stated.
Traditionally known for its GPU advancements in graphics and gaming, Nvidia’s data centre business now overshadows its other sectors. While gaming remains a $2–3 billion quarterly segment, the company’s AI-powered data centres generated a staggering $30.7 billion this quarter, contributing the lion’s share of its $35 billion total revenue.
Profitability has surged in tandem. Nvidia reported $14.8 billion in profit in Q1, $16.6 billion in Q2, and $19.3 billion in Q3, rivalling the quarterly profits of tech giants Microsoft ($24.7 billion) and Apple ($21.4 billion).
Nvidia’s success has prompted competitors like AMD to shift strategies toward AI. AMD, though much smaller in the AI market, is accelerating its chip development cycle to meet growing demand, aiming for yearly releases instead of the traditional two-year gap. This shift has created overlap between product generations as businesses rapidly integrate the latest chips into their data centres.
Although Blackwell is Nvidia’s newest flagship, its H200 chip, launched last year, is now the fastest-selling product in the company’s history, generating billions in revenue last quarter. Demand for Nvidia’s H100 chip, its original AI breakthrough, also remains strong, with sustained interest projected into 2026.
