“Nvidia Doubles Business in AI Boom”

Nvidia has experienced a remarkable surge in revenue and profits in 2024, driven by the booming demand for artificial intelligence (AI) technologies. In its fiscal year 2025, the company reported revenues of $130.4 billion, a staggering 114% increase from the previous year's $60.9 billion. Net income also saw a substantial rise, jumping by 145% from $29.7 billion to $72 billion.

According to Jensen Huang, the founder and CEO of Nvidia, the demand for Blackwell, the company's AI technology, has been extraordinary. He highlighted the significance of reasoning AI in enhancing computational capabilities for training and long-term thinking, resulting in more intelligent models and solutions. Nvidia successfully scaled up the production of Blackwell AI supercomputers, generating billions of dollars in sales within the first quarter.

As AI continues to evolve rapidly, with advancements in agentic AI and physical AI, Nvidia is poised to revolutionize major industries with the next wave of AI technologies. The company's commitment to innovation and scalability has positioned it as a key player in the AI landscape, driving significant growth and market impact.

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Looking ahead, Nvidia projects revenue of $43.0 billion for the next quarter, reflecting a positive trajectory from the current quarter's $39.3 billion. The datacentre business emerged as a major revenue driver, reaching a record $35.6 billion, marking a 16% increase from the previous quarter and a remarkable 93% surge from the previous year.

In the automotive sector, fourth-quarter revenue reached $570 million, up by 27% from the previous quarter and 103% from a year ago. The full-year revenue in this segment rose by 55% to $1.7 billion, underscoring Nvidia's diversified growth strategy across multiple industries.

Furthermore, Nvidia expanded its global footprint with the opening of its first R&D centre in Vietnam, signaling its commitment to fostering innovation and talent development in emerging markets. Additionally, Siemens Healthineers adopted the MONAI Deploy technology, a collaborative effort between Kings College London and Nvidia, for advancing medical imaging AI, showcasing the company's impact beyond traditional boundaries.