Nvidia has reported record quarterly revenue of $96.2 billion, more than double the figure from a year earlier, as demand for artificial-intelligence hardware showed little sign of cooling. The chipmaker’s data-centre business, the engine of its extraordinary growth, generated roughly $89 billion, a rise of about 117 percent.
Earnings came in at $2.22 per share, and the company guided to revenue of around $108 billion for the current quarter, signaling continued confidence that spending on AI infrastructure by cloud providers and enterprises will keep expanding. Despite the strong results, shares slipped about 1.8 percent as investors weighed lofty expectations already priced in.
The scale of Nvidia’s data-centre revenue reflects the race among the world’s largest technology companies to build ever-larger clusters of AI accelerators. Each new generation of the company’s chips has commanded premium pricing, and demand has consistently outstripped supply across several product cycles.
Questions persist about how long such growth can continue, particularly as customers explore custom silicon and rivals push competing designs. Nvidia has sought to entrench its position by pairing hardware with software and networking, making its platforms harder to displace once adopted at scale.
For Gulf economies investing heavily in AI capacity and sovereign compute, Nvidia’s results are a barometer of the wider buildout. Regional data-centre projects depend on access to the same accelerators driving the company’s record numbers, tying local ambitions to the fortunes of a single dominant supplier.
