Nvidia just delivered one of the clearest signals yet that the enormous global buildout of artificial intelligence infrastructure is still accelerating, reporting $96.2 billion in quarterly revenue — more than double what the company generated a year ago.
The world’s dominant supplier of AI computing chips said its Data Center business alone generated $89 billion during the quarter, up 117% from a year earlier. Nvidia is now forecasting approximately $108 billion in revenue for the current quarter, suggesting that demand for the computing power behind AI systems remains extraordinarily strong.
Those numbers arrive as investors increasingly debate whether the hundreds of billions of dollars being poured into AI data centers can continue. Major technology companies are expected to spend more than $730 billion on AI infrastructure this year as companies race to secure chips, computing capacity and electricity for increasingly powerful AI systems. Nvidia remains at the center of that spending cycle.
There are signs the expansion could continue well beyond this year. CEO Jensen Huang told investors Nvidia expects revenue to grow another 70% in fiscal 2028, while the company’s next-generation Vera Rubin platform has already entered full production. Nvidia also announced Wednesday that Amazon Web Services plans to deploy 2 million additional Nvidia GPUs during 2027 and 2028 as the companies dramatically expand their AI infrastructure partnership.
The Readovia Lens
For Nvidia, expectations have become almost as extraordinary as the results themselves. Its shares initially fell after Wednesday’s report before reversing higher as investors absorbed the company’s longer-term outlook. But the larger message from the quarter is difficult to miss: the companies building the infrastructure behind the AI economy are still spending — and Nvidia is still capturing an enormous share of that money.
