Combined capital expenditure from the four major AI builders \u2013 Google, Amazon, Meta and Microsoft \u2013 could approach US$700b this year as the tech giants race to stay ahead in the crucial technology.<\/p>\n
A large share of that spending lands at Nvidia, which remains the dominant supplier of the AI chips and technology used to train and deliver generative AI capability.<\/p>\n
Huang said Nvidia\u2019s success was being driven by a new phase in AI, in which AI agents that take decisions in place of humans are playing an increasingly important role.<\/p>\n
\u201cComputing demand is growing exponentially \u2013 the agentic AI inflection point has arrived,\u201d Huang said in a statement.<\/p>\n
\u201cEnterprise adoption of agents is skyrocketing.\u201d<\/p>\n
The company\u2019s data centre division, which sells the high-powered chips used to train and run AI models, was once again the engine of growth.<\/p>\n
Revenue from that segment hit a record US$62.3b in the quarter, up 75% from a year earlier and up 22% from the prior quarter.<\/p>\n
For the full fiscal year ending January 25, 2026, Nvidia reported revenue of US$215.9b, up 65% from the previous year, with data centre revenue reaching US$193.7b \u2013 a 68% annual gain.<\/p>\n
Perhaps more significant for investors was Nvidia\u2019s guidance for the current quarter.<\/p>\n
The company said it is not assuming any data centre compute revenue from China in its outlook, an acknowledgment of the ongoing impact of US export controls on its ability to sell advanced chips to the world\u2019s second-largest economy.<\/p>\n
The company forecast the current quarter\u2019s revenue at US$78b, plus or minus 2% \u2013 comfortably above the roughly US$72b Wall Street had been expecting, and a figure that analysts said would go a long way toward silencing doubts about the durability of AI infrastructure spending.<\/p>\n
Considered a main bellwether for the AI phenomenon, the recurring question for Nvidia is whether the boom will continue to accelerate as the technology takes over more corners of the broader economy.<\/p>\n
Despite increased volatility around AI on Wall Street, Nvidia shares are up by more than 50% over the past year, though were up just 2.2% in the year to date, before the latest earnings.<\/p>\n
\u2013 Agence France-Presse<\/p>\n","protected":false},"excerpt":{"rendered":"Combined capital expenditure from the four major AI builders \u2013 Google, Amazon, Meta and Microsoft \u2013 could approach…\n","protected":false},"author":2,"featured_media":303040,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[166134,365,9556,806,8613,157907,12510,16424,138,1039,155722,4190,28161,7469,166135,9557,111,139,1042,69,90,4517,45788,13420,42303,1974,15267,5909,7493,25259,23554,7806,78891,5424,1361,166133,13558,102],"class_list":{"0":"post-303039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-113b","9":"tag-ai","10":"tag-artificial","11":"tag-as","12":"tag-billion","13":"tag-blew","14":"tag-blockbuster","15":"tag-boom","16":"tag-business","17":"tag-chips","18":"tag-cooling","19":"tag-demand","20":"tag-expectations","21":"tag-forecasts","22":"tag-insatiable","23":"tag-intelligence","24":"tag-new-zealand","25":"tag-newzealand","26":"tag-nvidia","27":"tag-nz","28":"tag-on","29":"tag-past","30":"tag-posting","31":"tag-quarter","32":"tag-quarterly","33":"tag-record","34":"tag-reported","35":"tag-results","36":"tag-revenue","37":"tag-rolls","38":"tag-showed","39":"tag-sign","40":"tag-smashes","41":"tag-street","42":"tag-that","43":"tag-us681","44":"tag-wall","45":"tag-with"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=303039"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/303040"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=303039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=303039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=303039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}