Nvidia Reports Record Revenue Amid AI Boom Projecting Continued Growth
Nvidia finished its fiscal year on a high note with record revenues of $130.5 billion, having been fueled by demand for chips specifically in data centers. The fourth quarter saw just as good performance with $39.3 billion in revenue and $22 billion in net income.
In spite of being confronted with tough competition particularly from China’s DeepSeek AI model, Nvidia is still the dominant force in the AI hardware market. The latest Blackwell processors have started off by accumulated sales exceeding billions in the first quarter itself. CEO Jensen Huang is confident about the future of AI believing it has the power to change industries around the world.
Nvidia is also expecting another strong quarter with an income expected to be $43 billion more than what the analysts had estimated. Although DeepSeek’s cheaper AI model is raising concerns and the early deployment of Blackwell chips is fraught with challenges, Nvidia’s results pretty much cemented it as a dominant force in AI. Ongoing investments in next gen technology especially its high-performance GPUs ensure that Big Tech will stay ahead of the game as they lay the groundwork for AI.
Though Nvidia’s stock fell temporarily after hours it easily recovered, rising 2.7% after the earnings announcement. Even with uncertainties in the market, experts feel that AI growth will continue to fuel demand for Nvidia’s products with Microsoft, Amazon and Google among others continuing to invest heavily in AI.
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