Nvidia says its Blackwell AI chip is working at full speed

Nvidia became the world’s most valuable company on AI chips, overtaking Microsoft and Apple along the way, and today’s Q3 2025 earnings suggested the company’s record AI revenues and profits are just the beginning.

One sec Information recently reported that its modern flagship Blackwell AI servers may have cooling issues, the company did not address this on today’s call — instead, Nvidia assured investors that Blackwell is in “full production,” “full steam ahead” ahead, and that the company will continue deliver more tokens every quarter from now on.

Nvidia has already shipped 13,000 Blackwell samples to customers this quarter, CFO Colette Kress said, and Nvidia CEO Jensen Huang said Blackwell’s success could already be measured in the billions. “As you can see from all the systems on display, Blackwell is in great shape,” Huang told investors.

While Nvidia has long been known as a graphics and gaming company pioneering GPUs, its data center fortunes have now outpaced peers by an order of magnitude. Gaming is currently a barely $2-3 billion quarterly business for Nvidia, but its AI-powered data centers earned $30.7 billion last quarter, accounting for the immense majority of its $35 billion in quarterly profits.

A massive part of that is also Nvidia’s pure profit: $14.8 billion in the first quarter, $16.6 billion in the second quarter, and now a profit of $19.3 billion in the third quarter. (However, last quarter Microsoft and Apple earned $24.7 billion and $21.4 billion, respectively).

In practice, this means there is significant overlap between each modern generation of chips as companies order them and place them in data centers. Although Blackwell is Nvidia’s latest and greatest product, Nvidia today claims that the H200 it introduced last year is now the fastest-selling product it has ever made, with a multi-billion dollar value last quarter.