Nvidia has announced another record-breaking quarter, pulling in a staggering $81.6 billion and setting new highs in data center revenue. CFO Colette Kress boasts that Nvidia’s architecture is adopted by every major cloud provider.

The company also revealed it now holds $43 billion worth of stakes in privately held startups, more than doubling its investments over the last quarter. This includes a $18.5 billion splurge, despite only having invested $649 million previously.

Nvidia is projecting a slowdown in revenue growth for the next quarter to 12%, with an anticipated $91 billion in revenue, down from the current quarter’s impressive figures. Despite these projections, the company is optimistic about its future, especially with pending projects like a significant buildout with Anthropic.

While Nvidia’s focus on AI and technology is commendable, it's hard not to wonder what implications this level of investment might have for the broader tech industry and global economy.