“Tokens are profitable” says NVIDIA CFO, as Vera Rubin ships

Bubble? What bubble? NVIDIA sold another $11 billion of AI hardware and software over the past quarter, as buyer appetite showed no signs of slowing across a customer base that the firm said spanned “cloud providers, hyperscalers, AI model makers, enterprises and sovereign nations.”

On a full-year basis, NVIDIA’s data center segment generated revenue of $194 billion, up 68% year-over-year, CFO Colette Kress told analysts – its networking business alone is now a $31 billion annual revenue shop; a 10-fold increase in the five years since it bought networking firm Mellanox.

“Frontier agentic systems have reached an inflection point. Claude Code, Claude Cowork and OpenAI codecs have achieved useful intelligence.”