US chip designer and software specialist Nvidia reported on Wednesday that its profit soared to $22.1 billion last quarter, up from $12.3 billion a year earlier.
Revenue jumped 78% to $39.3 billion, surpassing analysts’ expectations.
Sales of Nvidia’s data centre technology, which powers artificial intelligence (AI) models worldwide, rose 93% to $35.6 billion.
Industry giants such as Google and Meta, along with AI start-ups like ChatGPT creator OpenAI, rely on Nvidia’s chips to train artificial intelligence systems.
The strong results come despite recent speculation that fewer Nvidia chips may be needed to train AI models. The doubts were triggered by Chinese AI system DeepSeek, which was reportedly trained with minimal resources.
For the current quarter, Nvidia forecasts revenue of $43 billion, with a possible fluctuation of 2%. The guidance exceeded market expectations.
“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 chief executive 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,” Huang added.
