Summary
Nvidia, a major chipmaker, reported a 73% increase in its fourth-quarter revenue, reaching $68.1 billion, driven by demand for AI technology. The company is a key player in AI infrastructure, supplying chips to leading tech firms like OpenAI and Meta. Nvidia is expanding its product offerings and has plans for a robotaxi service and a new platform for self-driving cars.
Key Facts
- Nvidia's fourth-quarter revenue increased by 73% to $68.1 billion.
- The company's total annual revenue for the fiscal year was $215.9 billion.
- Nvidia's shares rose in after-hours trading after releasing its earnings report.
- It is the world's most valuable publicly-traded chipmaker, valuing around $4.8 trillion.
- Nvidia supplies AI chips to companies like OpenAI and Meta.
- The company recently acquired Groq for $20 billion to enhance its technology capabilities.
- Nvidia plans to launch a robotaxi service and introduced a platform for self-driving cars.
- The U.S. has approved Nvidia to sell its H200 chips to China under specific conditions, but no sales have occurred yet.
