Nvidia Posts $96.2 Billion in Quarterly Revenue, Guides to $108 Billion Ahead

Chief Executive Jensen Huang, who founded the company, said AI has reached an inflection point and that demand is accelerating, according to TechPowerUp. He pointed to a broadening base of AI activity, noting that a year earlier a single lab was driving buildout, while the current period features multiple frontier labs and startups scaling at once. He also referenced Vera Rubin, which he said is now in full production.

Ventureburn noted that Nvidia's earnings have been treated as a gauge of the broader AI market for three years. The outlet described the company as valued at $5.26 trillion and accounting for 7.6% of the S&P 500. It cited UBS's David Lefkowitz, who said internally the firm jokes that they are all Nvidia analysts now, reflecting the chipmaker's central position in AI infrastructure. According to Ventureburn, the chips power data centers operated by Amazon, Microsoft, Alphabet and Meta, which together are expected to spend more than $700 billion on AI data centers this year.

AI Funding Surge: Startups Raise Billions Across Infrastructure, Construction and Care

From Temporal's $550M round to BRKZ's construction procurement raise, a wave of financings shows investors backing AI infrastructure and applications worldwide.