NVIDIA Hits Record $81.6B Revenue

NVIDIA Hits Record $81.6B Revenue, Up 85% YoY

Is this a sign of revolutionary economic growth or a dangerous bubble heading for collapse?

Published MAY 21

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Above: NVIDIA CEO Jensen Huang in Las Vegas, Nevada on May 18. Image credit: Ian Maule/Bloomberg/Getty Images

The Spin

After another record-breaking set of quarterly results, NVIDIA is single-handedly proving that the AI boom is very much real and accelerating fast. This work not only boosts NVIDIA's profit margins and shareholder value but also lays the groundwork for AI to revolutionize the global economy, deliver unprecedented productivity increases and generate value for all.

NVIDIA

NVIDIA on X

NVIDIA's blockbuster numbers mask a deeper problem: tech giants are spending 20% more annually on AI infrastructure, while revenues are growing by only 15%, leading to negative returns. Given that the entire U.S. economy is using AI spending as a crutch, any pullback would trigger a recession,. This potentially resultingwill result in the largest destruction of shareholder value ever assembled.