Nvidia Stock: nvidia stock posts record $215.9bn revenue as investors remain sceptical
Nvidia reported record annual revenue of $215. 9bn (£159. 1bn) even as a wave of investor scepticism surrounds the company's AI-driven expansion. The results beat analysts' forecasts and included a 73% jump in sales for the last three months of its financial year compared with 12 months earlier, keeping nvidia stock under investor scrutiny.
Nvidia Stock and the $215. 9bn annual result
annual revenue reached $215. 9bn, or £159. 1bn, and that sales in the final three months of its financial year rose 73% from the same period a year earlier. Executives described demand for compute as accelerating: chief executive Jensen Huang said, "Computing demand is growing exponentially, " and added, "Our customers are racing to invest in AI compute - the factories powering the AI industrial revolution and their future growth. " The firm also said it had beaten analysts' forecasts for the period.
Investor scepticism, scrutiny and circular financing concerns
Despite the headline numbers, Nvidia has faced a wave of scepticism from investors who worry about its expanding web of deals with other companies. Critics have raised the spectre of "circular financing" deals in which investments by Nvidia in other companies may be clouding perceptions about how robust AI demand really is. That scrutiny exists even as some market participants—like Gene Munster, manager partner at Deepwater Asset Management—have written that the buildout of AI infrastructure is likely to continue, with Munster saying, "AI is accelerating faster than people not using these tools can grasp, " on the social media platform X on Wednesday.
China sales, H200 chips and regulatory caveats
The outlook Nvidia released 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. However, a US Commerce Department official told lawmakers this week that none of those H200 chips have yet been sold to Chinese customers.
Role supplying OpenAI and Meta and market valuation
Nvidia has become a central player in the buildout of AI infrastructure by providing sophisticated chips to leading AI model developers, including OpenAI and Meta. The company is also described as the world's most valuable publicly-traded company, with a stock market value of around $4. 8tn, a scale that factors into both investor expectations and the scrutiny of its strategic deals.
Product expansion and Alphamayo for autonomous vehicles
In recent weeks Nvidia has laid out plans to generate demand with new technologies of its own and is expanding its product line to take a greater role in the physical products that embed AI. Last month at the CES technology trade show in Las Vegas, Jensen Huang unveiled a new technology platform for self-driving cars and said the open-source AI model the company is calling "Alpamayo" will bring reasoning to autonomous vehicles.
Those developments—record revenue, steep quarterly sales growth, regulatory caveats over China sales, ongoing investor scrutiny, and new product pushes such as Alphamayo—frame current discussion around nvidia stock as the company navigates both rapid demand for AI compute and questions about the durability and transparency of that demand.
