NVIDIA earns over $200 billion amid AI boom
NVIDIA reported record-breaking financial results for the year, with annual revenue reaching $215.9 billion, a 65% increase compared to the previous period, and quarterly revenue hitting $68.1 billion. The main driver of growth was infrastructure for artificial intelligence, particularly data centers, which generated $193.7 billion over the year.
Source Incrypted
The company also returned $41 billion to shareholders through buybacks and dividends. NVIDIA CEO Jensen Huang highlighted that the demand for AI computing power is rapidly rising, signaling that the industry is entering a new phase of AI development.
Given the current trend, NVIDIA remains a crucial player in the AI market, with continued growth in AI technology demand expected moving forward.
