The editor of Downcodes will help you interpret NVIDIA's third quarter financial report for 2025: With the full mass production of Blackwell AI chips and strong AI business growth, NVIDIA has achieved another great performance, with AI-related business revenue reaching US$30.7 billion, accounting for the majority of total revenue. Profits also continued to rise, reaching $19.3 billion. This shows that the demand in the AI market is strong and NVIDIA's leadership position in the global technology industry has been further consolidated.
In its financial report for the third quarter of 2025, NVIDIA announced that its Blackwell AI chip has entered the full-scale production stage, and the company's overall performance has achieved new results, further consolidating its leadership position in the global technology industry. In this quarter, Nvidia's artificial intelligence-related business revenue reached US$30.7 billion, accounting for the majority of total revenue, showing strong demand in the AI market.
Despite recent reports that Nvidia's new flagship Blackwell AI server may face cooling issues, the company has not responded. Nvidia executives said on a conference call that Blackwell's production is in good shape and is "progressing at full speed." Chief Financial Officer Colette Kress revealed that the company has delivered 13,000 obsidian samples to customers this quarter. Nvidia CEO Jensen Huang even said that Blackstone’s success has brought billions of dollars in revenue to the company.
It is worth mentioning that although Nvidia started with graphics processing and business, its data center revenue now far exceeds that of other businesses. Nvidia's gaming revenue ranges from $2 billion to $3 billion per quarter, and its AI-driven data center revenue reached $30.7 billion in the quarter, becoming its main source of profit. According to the financial report, Nvidia’s profit in the first quarter was US$14.8 billion, and in the second quarter it was US$16.6 billion. This quarter, it climbed to US$19.3 billion, showing strong growth momentum.
Although AMD, which competes with Nvidia, is still in the catching-up stage in the AI market, it is also adjusting its strategy and shifting its focus to AI development. Both AMD and Nvidia have accelerated the frequency of new product launches, promising that new chips will be available every year to meet growing market demand. Such a strategy has led to more frequent technology updates between new generations of chips, which will also affect companies when purchasing and updating data center equipment.
In addition, Nvidia's H200 chip has become the fastest-selling product in its history, with quarterly revenue of billions of dollars. The H100 chip is Nvidia's early AI product. Although its success came later, Huang Renxun expects that demand for H-series chips will continue until most of next year. At the same time, Intel has made relatively slow progress in the field of AI and is currently reorganizing to cope with future market challenges.
NVIDIA's strong performance and leading position in the AI field indicate that the AI market will continue to develop at a rapid pace in the future, and it will also put tremendous pressure on competitors. Various companies are stepping up research and development and deployment in order to occupy a favorable position in the fierce competition. Competition in the AI field will become more intense in the future, which deserves our continued attention.