NVIDIA Hits US$46.7 Billion Revenue, Eyes Hubs in Latin America

NVIDIA reports record revenue for 2Q25, driven by a demand for data center technology that surpassed market expectations. In parallel, the company has outlined a strategic expansion into Latin America, identifying Mexico and Brazil as future hubs for AI infrastructure development in the region.

The strategic entry into key emerging markets occurs during a period of exponential growth for the company, supported by unprecedented demand in the AI sector. “Brazil and Mexico are going to be the protagonists in data centers for AI,” says Marcio Aguiar, Enterprise Director for Latin America, NVIDIA.

NVIDIA’s 2Q25 financial report shows its dominant position in the AI semiconductor market. The company reported revenue of US$46.7 billion in the second fiscal quarter, a 56% increase compared to the same period last year.

The primary engine for this performance is the data center division, which alone generated US$41.1 billion in revenue. Within this segment, the company′s new generation Black well chip platform accounted for U$S27 billion in sales. These strong financial results provide NVIDIA with the capital and momentum to undertake long-term strategic investments in new geographies.

NVIDIA faces uncertainty in the Chinese market due to trade restrictions imposed by the United States. NVIDIA reported no sales of its H20 chip, which was designed specifically to comply with export regulations to China, to customers in that country during the last quarter. According to Colette Kress, Chief Financial Officer, NVIDIA, while certain Chinese customers have received licenses, the company has not made shipments due to the lack of official codification of the regulatory framework. This situation prompts the company to seek and consolidate its presence in other regions with high growth potential, such as Latin America.

The Strategy for Latin America

Latin America represents less than 5% of NVIDIA's global revenue. However, Aguiar projects significant growth in this share, driven by two fundamental factors. The first is the migration of hyperscalers — large-scale data center operators like Amazon Web Services, Microsoft Azure, and Google Cloud — to the region. These entities are NVIDIA’s main global customers and their regional expansion will generate direct demand for advanced computing infrastructure.

The second factor is the abundance of clean energy and its competitive cost compared to other regions, such as the European Union. “There is a very big movement by multinational companies to migrate to our region, due to the abundance of clean energy and, obviously, because the cost of energy is a bit more economical than what is found in Europe,” Aguiar tells Bloomberg.

Mexico could be a pillar in the company's regional strategy. Aguiar tells MBN that the company has positive expectations for Mexico, especially considering the 300% growth in sales seen during 2024. 

“Demand for our generative AI solutions is increasing rapidly, and adoption in several key industries is gaining traction,” says Aguiar to MBN. “We also interacted with 45 new corporations in Mexico since December 2024, which shows the growing interest from companies on AI”. 

NVIDIA is actively collaborating with the Mexican government to develop a large-scale program to strengthen the country's AI ecosystem. The official announcement of this initiative is expected to take place on Nov. 11–12, during the Mexico AI+ event.

The program includes a public-private investment plan focused on three areas: the construction of data centers, the development of technology infrastructure, and the training of specialized talent. “This program requires NVIDIA to provide more training for Mexican engineers, while the Mexican government is going to provide an infrastructure so that these engineers can put their knowledge into practice,” says Aguiar. 

The plan projects that the first data center facilities will be operational during the second half of 2026. According to Aguiar, it is highly probable that these will initially feature 100% NVIDIA technology, although no exclusivity agreement is in place.

In Brazil, NVIDIA is collaborating with the government on the “Brazilian AI Plan,” an initiative that includes tax incentives to attract investment in technology infrastructure. Together with Mexico, these two countries are poised to lead the digital transformation in the region.

However, Aguiar says that interest extends beyond these two markets. “We have seen this same mobilization in Argentina, in Uruguay, in El Salvador, in Costa Rica, and in the Dominican Republic,” he says. The main challenge identified for the consolidation of these plans is the shortage of specialized human capital in AI, an essential requirement for the viability of any infrastructure investment.

Future Optimism Despite Market Caution

Despite a third-quarter sales forecast of US$54 billion, the company's shares experienced a slight decline. However, Jensen Huang, Chief Executive Officer, NVIDIA, dismisses any concern about a potential slowdown in the AI boom.

In statements reported by Reuters, Huang framed the moment as the beginning of a new industrial revolution. “The AI race is on,” he says. He projected that spending on AI infrastructure will reach between US$3 trillion and US$4 trillion by the end of the decade, and NVIDIA is centrally positioned in this market. This optimism is based on sustained demand from its main customers, the hyperscalers, whose purchase forecasts for 2026 have already committed much of the production of Blackwell chips.