（NASDAQ：NVDA）FY25Q1业绩再创新高，AI算力需求持续火热

Investment Rating - The report maintains a "Buy" rating for the company, anticipating a stock price increase of over 15% relative to the industry index within the next six months [5][28]. Core Insights - The company reported record high earnings for Q1 FY2025, achieving revenue of $26.044 billion, a year-over-year increase of 262.12%, and a net profit of $14.881 billion, up 628.39% year-over-year [3][16]. - The data center segment showed strong performance with revenue of $22.563 billion, a year-over-year increase of 426.68%, driven by demand from large cloud service providers [16]. - The company is expanding its AI technology initiatives, with significant growth expected in AI computing demand due to advancements in large language models and generative AI [10][12]. Financial Performance Summary - For FY2025, the company is projected to achieve a net profit of $68.943 billion, with a corresponding PE ratio of 37.99 [5][9]. - Revenue is expected to grow significantly, with estimates of $130.288 billion for FY2025, reflecting a growth rate of 113.86% year-over-year [9][14]. - The company's gross margin is projected to be 81.52% in FY2025, indicating strong profitability [7]. Business Segment Performance - The professional visualization segment generated $427 million in revenue, a year-over-year increase of 44.75% [10]. - The automotive and robotics segment achieved revenue of $329 million, with a year-over-year growth of 11.15% [10]. - The gaming segment reported revenue of $2.647 billion, reflecting an 18.17% increase year-over-year [16]. Future Outlook - The company anticipates revenue of $28 billion for Q2 FY2025, with a gross margin estimate of 74.8% [10]. - Continued collaboration with major cloud providers is expected to drive further growth in AI computing capabilities [16].