Nvidia’s AI dominance intensifies rivalry with Intel
Summary
Nvidia reported record $35.1 billion Q3 revenue and resumed H20 chip exports to China under a new government deal, intensifying rivalry with Intel which secured $5.7 billion U.S. government funding.
Key Points
- Nvidia achieved record $35.1 billion revenue and $19.3 billion profit in Q3 fiscal 2025.
- Nvidia's Blackwell Ultra AI platform is in production with extraordinary demand.
- Nvidia faced a $5.5 billion charge due to U.S. export restrictions on H20 chips to China.
- Intel secured $5.7 billion government funding, giving the government 10% ownership, intensifying competition.
