Thursday, 29 May, 2025

Nvidia Reports 69% Revenue Surge to $44.1 Billion Amid AI Chip Boom

Nvidia's revenue soared 69% year-over-year to $44.1 billion in the latest quarter, driven by robust demand for its AI chips. Net income increased 26% to $18.78 billion, surpassing sales expectations but slightly missing profit forecasts. Despite a $4.5 billion revenue loss due to U.S. export restrictions to China, Nvidia projects Q2 revenue of $45 billion. The company's market value rose to $3.3 trillion, positioning it as the world's second-most-valuable firm.