NVIDIA posts record $58.3B profit, names Anthropic as new hyperscaler customer

NVIDIA's Q1 print — $68.12B revenue, +73% YoY, $58.3B net profit, $80B buyback, and a dividend bump to $0.25 — is a record on every line that matters, and yet the stock fell as some analysts judged it a miss against the most aggressive expectations. The narrative tension between 'biggest quarter in chip history' and 'AI capex peak?' defined the post-print discourse.

The most concrete forward-looking number: Jensen Huang projected roughly $1T in combined Grace Blackwell and Vera Rubin chip sales over the next several years, with Anthropic newly added to the named hyperscaler buyer list alongside OpenAI, xAI, Meta MSL, and Microsoft. That Anthropic line item matters competitively: it implies Anthropic is building its own large-scale training cluster rather than relying solely on AWS Trainium, a notable strategic shift.

A separate but related move: NVIDIA quietly removed the gaming revenue category from its financial reports (r/LocalLLaMA, 705 upvotes), confirming what builders have long assumed — NVIDIA is now an AI-infrastructure company that happens to also sell GeForce cards. Huang spent earnings-call airtime framing 'Physical AI' (robotics, embodied agents) as the next trillion-dollar frontier, an explicit hedge against the inference-margin compression narrative.

Skeptics on PC Gamer and CNBC pressed the CPU/inference question: as inference workloads grow relative to training, AMD MI400, Trainium, and Google TPU v6 will compete more directly. Watch next: the Vera Rubin launch timeline, gross margin trajectory, and whether the $1T pipeline number survives scrutiny.