Nvidia reports record annual revenue of $215 billion, up 65%, driven by high-performance AI chip sales amid growing competition.
Nvidia posted a 65% annual revenue increase to $215 billion, a record, fueled by demand for its high-performance AI chips. The company’s graphics processing units remain the preferred choice for training and inference in large language models, outpacing competitors.
Revenue growth has accelerated in recent quarters, with shares rising 1,300% over the past five years. However, rivals like Broadcom are expanding their AI chip and networking capabilities, challenging Nvidia’s dominance in data centers and other markets.
The company’s leadership in AI hardware has driven its valuation, but investors are assessing whether emerging competitors could erode its market share by 2026.