Nvidia posts $215.9bn revenue, beating AI concerns
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- Nvidia reported record annual revenue of $215.9bn (£159.1bn) for the fiscal year.
- Nvidia's fourth‑quarter sales rose 73% year‑over‑year, beating analyst forecasts.
- Nvidia's outlook omitted any revenue expectations for China, and the US Commerce Department said no H200 chips have been sold to Chinese customers despite new permission.
- Nvidia announced a $20bn acquisition of Groq to strengthen its AI inference capabilities.
- Nvidia unveiled an open‑source AI model called “Alpamayo” for autonomous vehicles at CES and said it will launch a robotaxi service next year with an unnamed partner.
- Nvidia is valued at about $4.8tn, making it the world’s most valuable publicly‑traded company, and supplies chips to AI leaders such as OpenAI and Meta.
- Nvidia faces investor criticism over “circular financing” deals that may obscure true AI demand.
Why it matters: Investors see Nvidia’s $215.9 bn revenue surge cement its dominance in AI hardware, boosting shareholders and partners like OpenAI, while skeptics flag circular‑financing deals and stalled Chinese chip sales as potential risks to future demand, underscoring the tension between rapid growth and geopolitical uncertainty.
