Nvidia doubles its business in AI boom
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Nvidia has more than doubled its revenue and profits in 2024 in the AI boom.
Revenues were $130.4bn in 2024 (its fiscal year 2025), up 114% from $60.9bn in 2023, with net income up 145% from $29.7bn to $72bn.
“Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,” said Jensen Huang, founder and CEO of Nvidia.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.”
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Nvidia sees revenue of $43.0 billion, plus or minus 2% for the next quarter, up from $39.3bn this quarter. The datacentre business was the vast majority of the revenue at a record $35.6 billion, up 16% from the previous quarter and up 93% from a year ago. Full-year revenue for the datacentre business rose 142% to a record $115.2 billion.
Fourth-quarter automotive revenue was $570 million, up 27% from the previous quarter and up 103% from a year ago. Full-year revenue rose 55% to $1.7 billion.
The quarter also included the opening of Nvidia’s first R&D centre in Vietnam and that Siemens Healthineers has adopted the MONAI Deploy technology developed by Kings College London and Nvidia for medical imaging AI.
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