Nvidia Stock steadies as company posts record $215.9bn annual revenue
Nvidia has reported record annual revenue of $215. 9bn (£159. 1bn), a result that matters for investors watching nvidia stock because it comes amid persistent scepticism about the scale of spending on artificial intelligence technology. The company beat analysts' forecasts and said sales for the last three months of its financial year rose 73% from a year earlier.
Nvidia Stock, $215. 9bn result and Jensen Huang’s message
The $215. 9bn annual figure — also cited as £159. 1bn — follows a quarter in which sales jumped 73% compared with 12 months earlier. Boss Jensen Huang framed the numbers in bullish terms: "Computing demand is growing exponentially, " he said, adding that "Our customers are racing to invest in AI compute - the factories powering the AI industrial revolution and their future growth. " the performance topped analysts' forecasts.
Investor scepticism and the question of circular financing
Despite the blockbuster revenue, investors remain sceptical about how much money is being channelled into AI. The firm has been scrutinised over an expanding web of deals with other companies, and critics have raised the spectre of "circular financing" in which investments by Nvidia in other companies may be clouding perceptions about how robust underlying AI demand really is.
China outlook, H200 chips and Commerce Department update
The outlook released by Nvidia on Wednesday did not include expectations for chip revenue in China. Last month, the Trump administration began allowing Nvidia to sell its H200 chips — described as Nvidia's second-most advanced type — to Chinese customers under certain conditions. This week a US Commerce Department official told lawmakers that none of those chips have yet been sold to Chinese customers.
Role in AI infrastructure: OpenAI, Meta and market value
Nvidia has become a central player in the buildout of AI infrastructure, supplying sophisticated chips to leading AI model developers including OpenAI and Meta. The company is the world's most valuable publicly traded firm, with a stock market value of around $4. 8tn. Gene Munster, manager partner at Deepwater Asset Management, said the buildout was likely to continue for a long time and wrote on X on Wednesday that, "AI is accelerating faster than people not using these tools can grasp. " Investors are watching nvidia stock closely against that backdrop.
New product push: CES, self-driving platform and Alpamayo
Alongside chip sales, Nvidia has laid out plans in recent weeks to generate demand with new technologies of its own. Last month at the CES trade show in Las Vegas, Huang unveiled a new tech platform for self-driving cars. He said the open-source AI model the company is calling "Alpamayo" will bring reasoning to autonomous vehicles, part of a wider push to be more involved in the physical products into which AI is embedded.
The contrast between record revenue, a stated expansion into product platforms and lingering investor questions about deal structures and China exposure now frames the key decisions for shareholders and executives as Nvidia moves from purely supplying AI compute to building more of the systems that use it.
