Good Thursday morning. Nvidia crushed, again. If you watched Tyler’s podcast yesterday you know just how sensational this quarter was. Quick recap, on the most important company on the planet.

- Revenue obliteration: $57 billion (+62% y/y). NVDA laughed in the face of $55.19B estimates. Reiterated they’ll hit $500 billion in Blackwell and Rubin revenue through the end of next year. This implies 54% y/y growth in '26, compared to analyst est of just 41%.

- Data center domination: $51.2 billion...now 90% of the market. Blackwell racks print money.

- Q4 guidance that broke the internet: $65 billion rev est for Q4. They’re growing revenues by $10 billion/qtr. That’s +14% q/q with 75% gross margins. 

Jensens victory lap: “Blackwell demand is off the charts… every cloud GPU is sold out for quarters. Physical AI is NVDA’s next leg of growth, representing a multi-trillion dollar opportunity". AKA the future has never looked stronger. 

Of everything we’ve seen, this graph sums it...