Keep pulling the thread on Jensen Huang.
Blackwell volume production will ship in Q4, generating billions of dollars in revenue in Q4, with further ramping thereafter.
NVIDIA expects billions of dollars in Blackwell revenues starting in Q4, ramping into Q1, Q2, and throughout next year.
Believing in NVIDIA's current valuation implies a 2026 calendar year revenue of about $200 billion and earnings of about $4.5 to $5.
Google has caught up to NVIDIA in chip development, Amazon is catching up, and Meta and Microsoft are in earlier stages, suggesting these companies may buy less from NVIDIA in the future.
Jensen Huang and NVIDIA created the capabilities that make generative AI possible today, similar to how Elon Musk is responsible for the electric vehicle.
Blackwell is many times more performant than Hopper at the same level of power consumption.
NVIDIA expects low double-digit billions of dollars in sovereign AI sales this fiscal year.
Microsoft, Meta, Amazon, Google, Tesla, and Elon Musk have indicated they will buy as many GPUs as NVIDIA can produce this year.
The size of foundation models is growing from hundreds of billions of parameters to trillions of parameters.
NVIDIA expects several billion dollars of sales from Blackwell in the fiscal fourth quarter of fiscal year 25.
NVIDIA expects low double-digit billions in sovereign AI sales this fiscal year.
NVIDIA's fiscal third-quarter revenue forecast exceeded consensus estimates but fell short of the most optimistic market expectations.