Nvidia Keeps Breaking Sales Records While Waiting For Blackwell

Summary:

  • Blackwell is a game-changer for Nvidia Corporation, combining multiple advanced technologies to deliver unprecedented AI performance and capabilities.
  • Despite increasing competition, Nvidia’s cash flow and revenue growth remain strong.
  • An optimistic valuation range for Nvidia Corporation suggests a market cap range of $3 trillion to $3.75 trillion.

Nvidia headquarters in Santa Clara, California, USA

JHVEPhoto

Introduction

Per my July article, more AI waves are taking shape. Nvidia Corporation’s (NASDAQ:NVDA) Q2 2025 numbers have come out since then, and it is time to reevaluate.

My thesis is that Nvidia keeps breaking sales records while

Q/Q Op Inc.

Q/Q G. P.

Q/Q Rev.

Y/Y Op Inc.

Y/Y G. P.

Y/Y Rev.

Y/Y CoR

Apr ’21

Jul ’21

25%

16%

15%

Oct ’21

9%

10%

9%

Jan ’22

11%

8%

8%

Apr ’22

-37%

9%

8%

-4%

50%

46%

Jul ’22

-73%

-46%

-19%

-80%

-31%

3%

65%

Oct ’22

20%

9%

-12%

-77%

-31%

-17%

11%

Jan ’23

109%

21%

2%

-58%

-23%

-21%

-16%

Apr ’23

70%

21%

19%

15%

-14%

-13%

-11%

Jul ’23

218%

104%

88%

1263%

225%

101%

7%

Oct ’23

53%

42%

34%

1633%

322%

206%

71%

Jan ’24

31%

25%

22%

983%

338%

265%

139%

Apr ’24

24%

22%

18%

690%

339%

262%

122%

Jul ’24

10%

11%

15%

174%

139%

122%

85%


Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AMZN, GOOG, GOOGL, META, MSFT, TSLA, VOO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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