NVIDIA has posted record annual revenue of $215.9bn (£159.1bn), beating analysts’ expectations even amid concerns about high spending on artificial intelligence (AI).
Sales in the final quarter jumped 73% year-on-year, showing strong demand for Nvidia’s chips across the AI sector. CEO Jensen Huang said, “Computing demand is growing exponentially. Our customers are racing to invest in AI compute – the factories powering the AI industrial revolution and their future growth.”
Nvidia has also outlined plans to generate demand with new AI-related technologies of its own. The company remains the world’s most valuable publicly-traded firm, with a market value near $4.8tn, and supplies advanced chips to leading AI developers including OpenAI and Meta.
Investor Gene Munster of Deepwater Asset Management highlighted the long-term potential, writing on X that “AI is accelerating faster than people not using these tools can grasp.”
Some investors remain cautious, worried that Nvidia’s extensive deals with other companies could obscure the true strength of AI demand. Critics have noted that “circular financing” deals may affect perceptions of how sustainable the AI market really is.
Despite this, Nvidia’s record revenue demonstrates the company’s growing influence in the AI-driven computing sector and its critical role in powering global AI infrastructure.
