The AI Podcast Nvidia Becomes Symbol of AI Gold Rush
Nov 20, 2025
The surge in Nvidia’s revenue highlights the intense global AI interest. With a staggering $57 billion in recent earnings, doubts about an AI bubble are rising. Data centers are the powerhouse behind this growth, while new models and expansive GPU setups drive demand. The Blackwell Ultra chip is in high demand, though supply constraints pose challenges. Geopolitical issues and competition are affecting H20 GPU sales in China. As Nvidia projects a whopping $65 billion in Q4, the excitement around AI continues to intensify.
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NVIDIA's Investment Loop Feeds Its Own Demand
- Jaeden describes NVIDIA's investments into many AI companies and how those firms often reinvest back into NVIDIA.
- He frames this loop as a "gravy train" that helps sustain NVIDIA's market dominance.
NVIDIA's Revenue Is Dominated By Data Centers
- NVIDIA's Q3 showed explosive growth with $57B revenue and $32B GAAP net income, driven largely by data center demand.
- Data center revenue hit $51B, dwarfing gaming and visualization sales and signaling AI-driven concentration of revenue.
GPU Scarcity Fuels Broader Chip Demand
- Blackwell Ultra and other GPUs are selling out, creating scarcity that pushes buyers toward older chips.
- Jensen Huang calls sales "off the charts" and describes a virtuous cycle of accelerating compute for training and inference.