Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’
Nvidia reported a doubling of quarterly revenue to nearly $100 billion, driven by massive demand for AI infrastructure. CEO Jensen Huang declared the industry has reached a 'golden age' where AI compute is now a profitable revenue driver.
Why it matters
As the primary supplier of AI chips, Nvidia's financial performance serves as a critical bellwether for the health and trajectory of the global artificial intelligence industry.
Nvidia’s logo displayed at their headquarters in Santa Clara, California. Nvidia’s logo displayed at their headquarters in Santa Clara, California. Technology Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’ The $5tn firm beat Wall Street expectations for yet another blockbuster quarter, though the stock made only modest gains
Prefer the Guardian on Google Nvidia announced on Wednesday that its quarterly revenue had doubled in a year to nearly $100bn. Jensen Huang, the founder and CEO, jubilantly declared that demand is accelerating as the AI industry had reached a “golden age”.
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