Nvidia reports stratospheric growth as AI boom shows no sign of stopping

Nvidia reported record quarterly revenue Wednesday on the back of the explosion in corporate appetite for artificial intelligence.“The next industrial revolution has begun – companies and countries are partnering with Nvidia … to produce a new commodity: artificial intelligence,” said Jensen Huang, founder and CEO of Nvidia.The company brought in $26bn in revenue in the first quarter of fiscal year 2025, up 18% from Q4 and up 262% from a year ago. Net profit was $14.88bn, up from $2bn a year before.The AI c ...