Key Highlights

  • NVIDIA's last quarter revenue growth was 85.2% year over year.
  • The company has an $80 billion buyback authorization.
  • A new AI partnership with Jeff Bezos-backed CuspAI was announced.
  • Japan national AI infrastructure deals also reinforce the company's platform dominance.

NVIDIA (NASDAQ: NVDA) continues to reinforce its platform dominance through a new AI partnership with Jeff Bezos-backed CuspAI and Japan national AI infrastructure deals, alongside strong underlying fundamentals.

What Happened

Last quarter's revenue growth of 85.2% year over year underscores the strength of the company's core business, according to the disclosed information.

The company also maintains an $80 billion buyback authorization.

Market Reaction

These developments come as chip stocks broadly rebound from last week's selloff, with NVIDIA's fundamentals seen as intact despite the sector-wide volatility.

The CuspAI partnership and Japan AI infrastructure deals add to the list of catalysts supporting the company's platform dominance narrative, according to the disclosed information.

Outlook

With an $80 billion buyback authorization and new partnerships in place, NVIDIA's platform dominance narrative remains intact heading into the upcoming hyperscaler earnings week, according to the disclosed information.

What was NVIDIA's revenue growth last quarter?

Revenue grew 85.2% year over year, according to the disclosed information.

What is CuspAI's connection to NVIDIA?

NVIDIA announced a new AI partnership with Jeff Bezos-backed CuspAI.

How large is NVIDIA's buyback authorization?

The company has an $80 billion buyback authorization.