Nvidia Revenue Jumps 122% as AI Chip Demand Drives Record Quarter
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Nvidia reported record quarterly revenue of $30 billion, a 122% increase from a year earlier, as demand for its Blackwell AI GPUs and data center products continued to accelerate. The results topped Wall Street expectations and sent the company’s shares up 8% in after-hours trading.
The chipmaker said the surge was driven by strong spending from cloud providers and other large technology companies building out artificial intelligence infrastructure. Chief Executive Jensen Huang said hyperscalers are still in the early stages of expanding AI capacity, underscoring what he described as a broad and ongoing investment cycle.
Nvidia’s latest performance reinforced its position at the center of the AI boom, with its advanced chips remaining a key component in training and deploying large AI models. The company’s market capitalization climbed above $3.4 trillion following the earnings release, extending its lead as one of the world’s most valuable companies.
Investors have closely watched Nvidia’s results for signs that demand for AI hardware can sustain its rapid growth. The latest quarter suggested that spending on AI infrastructure remains robust, even as the company continues to ramp production of its newest chip platforms.
