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Wed, 25 Feb 2026

Wed, 25 Feb 2026 Chip giant Nvidia defies AI concerns with record $215bn revenue

Demand for Nvidia chips rose even as the company sets out to create AI products of its own.

* Nvidia reported record annual revenue of $215.9 billion (£159.1 billion)
* Revenue for the last three months of its financial year jumped 73% compared to 12 months earlier
* Boss Jensen Huang said "computing demand is growing exponentially" and that customers are racing to invest in AI compute
* Nvidia has become a central player in the buildout of AI infrastructure, providing chips to leading AI model developers including OpenAI and Meta
* The company's stock market value is around $4.8 trillion, making it the world's most valuable publicly-traded company
* Investors have raised concerns about the sustainability of Nvidia's growth, with some criticizing "circular financing" deals
* Nvidia has been caught in a geopolitical tug-of-war between the US and China, although it has recently received approval to sell its H200 chips to Chinese customers under certain conditions
* The company is expanding its own product line, including launching a new tech platform for self-driving cars and planning to launch a robotaxi service by next year.