$NVIDIA(NVDA.US) Quick Read: The company's financial report this time is quite good.

The revenue side continues to beat guidance with a performance of $2 billion, and the gross margin has also reached the guidance expectations. In this quarter, all of the company's businesses showed varying degrees of growth, with the data center and gaming sectors contributing significantly to the company's incremental growth. As downstream cloud vendors continue to increase capital expenditures, the company's data center revenue has grown to over $30 billion, accounting for nearly 90% of the company's total revenue. With the expansion of the company's business scale, although the absolute value of expenses such as R&D and sales has increased, the expense ratio continues to decline. Overall operating expenses are still developing positively.

After reaching the usual beat guidance of $2 billion, the market is more focused on the company's guidance for the next quarter. The guidance for the next quarter includes a revenue forecast of $37.5 billion and a gross margin forecast of 73%. The company's performance next quarter will be mainly driven by the mass production of Blackwell, while the initial ramp-up will also have some impact on the gross margin. Overall guidance and pace are close to market buyers' expectations.

In general, the current focus of NVIDIA's performance is mainly on the data center business. The data center business is primarily influenced by the procurement of downstream cloud vendors. According to the capital expenditure expectations of the four major cloud vendors, total capital expenditures are still expected to grow next quarter. The company has not been affected by major competitors; AMD's guidance for its related products is relatively weak, while the company has continued to raise its guidance expectations this quarter, mainly demonstrating its leading product capabilities. With the shipment of Blackwell, the company is expected to further widen the gap with its competitors. Going forward, it is recommended to pay attention to the company's expectations for Blackwell shipments, specific progress in the PC sector, and the company's outlook for the data center business during the conference call.