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TechRadar
TechRadar
Wayne Williams

This is probably the most important graph of 2025 so far and shows how Nvidia's fortunes are changing for the worse

Nvidia Jensen Huang The Next Platform
NVIDIA COMPUTEX KEYNOTE.
  • Nvidia data center compute revenue dips for first time in ten years
  • Networking sales surge as compute slows while China restrictions create added pressure
  • Dependence on three customers hints at Nvidia’s vulnerability despite record overall revenues

You’d be forgiven for thinking Nvidia’s meteoric rise has made it virtually bulletproof, but data from the second quarter of fiscal 2026 shows the chip giant’s data center compute revenue declining for the first time in a decade.

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