Nvidia(US:NVDA) Huan Qiu Wang·2025-11-20 02:35Core Insights - Nvidia reported a significant backlog of $500 billion in undelivered AI chip orders, with delivery schedules extending to 2026, including the next-generation Rubin processor set to begin production next year [1][3] - Major tech companies such as OpenAI, Google, Microsoft, Amazon, and Meta rely on Nvidia's hardware for training next-generation AI models, driven by the infrastructure expansion needs of large-scale data center operators [1] - Nvidia's data center business remains the core growth engine, achieving $51.2 billion in sales for the quarter, a 66% year-over-year increase, significantly surpassing analyst expectations [3] Industry Dynamics - The expansion of infrastructure around Nvidia's technology is unprecedented, with industry insiders revealing commitments of hundreds of billions of dollars from companies to build new facilities [1] - Nvidia's investment strategy has accelerated, including a $10 billion investment in AI startup Anthropic, partnerships with Nokia, and collaboration with former competitor Intel [3] - The GPU-centric "compute" business generated $43 billion in revenue, primarily driven by initial sales of the GB300 series chips, while the "network" business contributed $8.2 billion [3]