Four highlights of NVIDIA's financial report: Sovereign AI is on the rise, customers did not wait, Blackwell will ship in the second quarter, new chips "one generation per year"

NVIDIA Q1 Financial Report "Crushes" Across the Board! Combining Huang Renxun's remarks at the financial conference call, there are four major highlights worth noting.

Blackwell Platform Achieves Revenue This Year

NVIDIA's financial report stated, "The Blackwell platform has been fully put into production and is expected to be delivered to customers this year."

Huang Renxun stated:

"We are ready for the next wave of growth. The Blackwell platform has been fully put into production, laying the foundation for trillion-parameter generative AI."

Huang Renxun also mentioned that the Blackwell architecture GPU will start shipping in the second quarter, ramp up production in the third quarter, and is expected to be deployed in customer data centers in the fourth quarter. It is expected that Blackwell will bring in a substantial amount of revenue this year.

Eliminating Concerns about Demand "Gap Period"

With the launch of Blackwell into production, some investors were concerned that NVIDIA might face a sales "gap period": some customers may choose to wait for Blackwell and abandon purchasing Hopper.

Addressing this concern, Huang Renxun emphasized during the conference call that Blackwell can be "downward compatible" with the Hopper architecture system.

This means that customers do not need to "wait anxiously" for Blackwell to ship. Buying Hopper earlier means enjoying it earlier, and transitioning to Blackwell later will also be very "smooth".

NVIDIA's Chief Financial Officer (CFO) Colette Kress also pointed out that "demand for H2000 and Blackwell far exceeds supply" and expects this situation to continue "until next year".

Rise of Sovereign AI and Multi-Modal Business

NVIDIA stated that sovereign AI and new multi-modal capabilities are driving factors for the company's further development.

Sovereign AI refers to the ability of national entities to produce AI using their own infrastructure and data. NVIDIA sees it as a rapidly rising new field and believes that with data privacy becoming a focus, sovereign AI may become more attractive.

Kress stated:

"The importance of artificial intelligence has attracted the attention of every country."

"As countries around the world deploy sovereign AI, data center revenue continues to diversify... We believe that sovereign AI revenue this year will rise from zero revenue last year to the high billions of dollars."

Multi-modal capabilities refer to the ability of AI in audio, visual, and other multi-modal capabilities. With the rapid iteration of AI products in this field, the demand for computing power will continue to grow, thereby boosting the demand for NVIDIA chips.

New Chip "One Generation Per Year"

Huang Renxun revealed that after Blackwell, a new chip will be launched, and the pace of chip architecture updates will accelerate from a biennial update to an annual update:

"I can announce that after Blackwell, another chip will be launched. Our rhythm is one generation per year." According to Tianfeng Securities analyst Ming-Chi Kuo's previous forecast, NVIDIA's next-generation architecture "Rubin" is expected to be launched in the fourth quarter of 2025, bringing a brand new R100 AI chip