NVIDIA Reports Record $57B Revenue, Beating Expectations

Published 2 days ago

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Above: NVIDIA headquarters in Silicon Valley, California, on Nov. 6, 2025. Image credit: Smith Collection/Gado/Getty Images

The Spin

Techno-optimist narrative

NVIDIA’s $57 billion quarter proves AI dominance is real and unstoppable. With 62% revenue growth, sold-out cloud GPUs and billions in net income, the company demonstrates genuine market demand and financial strength. Rather than an AI bubble, the market is entering a virtuous cycle, with accelerating growth and strong fundamentals.

Mario Nawfal on X

NVIDIA on X

Techno-skeptic narrative

NVIDIA’s record earnings mask dangerous bubble-like dynamics reminiscent of the dot-com crash. The company’s rapidly growing accounts revealed that customers, such as cash-strapped OpenAI, are buying chips on credit that they cannot afford. This circular financing scheme inflates revenue numbers while creating unsustainable debt structures destined for collapse.

Ben Norton on X