Nvidia 's financials released after Wednesday's close weren't quite the $4 billion "Triple Lindy" of upside many investors were hoping for. But they were darn close, which avoided a feared massive sell-off in one of the three U.S. companies in the $3 trillion market cap club. Revenue for at the AI semiconductor powerhouse's fiscal 2025 second quarter jumped 122% year-over-year to $30.04 billion, well ahead of analysts' forecasts of $28.
That plays into our expectation that the nascent software business is a major opportunity and key to future growth and will be supportive of the stock's valuation, given its higher margin recurring nature. It should also serve to reduce volatility throughout the business cycle, not unlike what we've seen with Apple as Services sales there have been becoming a larger share of overall sales. That buffer takes some pressure away from quarter-to-quarter iPhone performance.
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