Nvidia reported another quarter of record-breaking financial results, with $81.6 billion in revenue for the period ending April 26, representing a 20% increase from the previous quarter. The company's data center division led the way with $75.2 billion in revenue, also a new record. CFO Colette Kress highlighted the widespread adoption of Nvidia's Blackwell architecture, noting it has been implemented by every major hyperscaler, cloud provider, and large language model developer. Based on this performance, Nvidia's board authorized an $80 billion share repurchase program. However, the company projected a slowdown in growth momentum, forecasting $91 billion in revenue for the upcoming quarter, which would represent 12% growth. Despite concerns about China market restrictions, Nvidia reported that exports to China did not significantly impact earnings. Kress clarified that while H200 chips have received U.S. export approval, the company has not yet generated any revenue from Chinese sales and remains uncertain whether actual imports will be permitted. One of the most striking disclosures was the massive expansion of Nvidia's venture portfolio. The company reported $43 billion in stakes in privately held companies at quarter's end, nearly doubling from $22 billion at the start. This surge was driven by $18.5 billion in new investments during the quarter, compared to just $649 million the previous quarter. These figures exclude Nvidia's investments in publicly traded companies like Corning and IREN, as well as future commitments. In February, Nvidia committed $30 billion to invest in OpenAI, though the deal structure was not disclosed. CEO Jensen Huang emphasized Nvidia's expanding role in AI infrastructure on the earnings call, particularly highlighting a pending partnership with Anthropic. "The amount of capacity we're going to bring online for Anthropic this year and next year is going to be quite significant," Huang told investors. He noted that Nvidia's previous coverage for Anthropic had been "largely zero" until this agreement.