US tech giant Nvidia reported an 80% year-on-year increase in net income for the last quarter of fiscal 2025, with earnings climbing to $22.1 billion - an increase of $9.8 billion compared to the same period last year.
The strong financial performance was accompanied by record revenue growth of 78%, with quarterly revenues reaching $39.33 billion, surpassing market expectations of $38.05 billion.
For the entire fiscal year, Nvidia’s revenues surged 114% to hit an all-time high of $130.5 billion. Diluted earnings per share rose by 82% to $0.89 in the last quarter, while sequential comparisons showed a 12% increase in revenue and a 14% rise in net income.
Nvidia CEO Jensen Huang attributed much of the robust performance to surging demand for the company’s Blackwell AI supercomputers. “Demand for Blackwell is amazing as reasoning AI adds another scaling law - more compute for training makes models smarter, and more compute for long thinking makes the answer smarter,” Huang said. He added that Nvidia had successfully ramped up massive-scale production of its Blackwell systems, achieving billions of dollars in sales in the first quarter. “AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of innovation across the largest industries,” he noted.
The company has also been strategically investing to expand and enhance the US AI infrastructure. Most recently, Nvidia joined forces with OpenAI, Oracle, and SoftBank to launch the Stargate Project, a venture that plans to invest up to $500 billion in US-based AI infrastructure over the coming years.
However, the semiconductor leader’s recent gains come amid a turbulent market environment. Nvidia has faced significant challenges in the ongoing trade war for semiconductor supremacy between the US and China. In one dramatic episode, the launch of China’s new AI chatbot DeepSeek reportedly led to a loss of over $500 billion in market value for Nvidia in a single day.
Despite these setbacks, Nvidia’s latest financial results underscore the company’s central role in the rapidly evolving AI landscape, positioning it well for future growth as global demand for advanced computing solutions continues to rise.
Firebird, an AI cloud company, in partnership with the Armenian government and with support from NVIDIA, announced today a bold vision to build advanced AI infrastructure aimed at accelerating technological innovation and positioning the Caucasus region as a leading AI hub.
Nvidia’s new Blackwell chips are twice as fast as their predecessors in training massive AI models, cutting chip use and time dramatically, new benchmarks reveal.
Nvidia topped first-quarter earnings expectations but cut its second-quarter outlook, citing an $8 billion blow from tighter U.S. export rules on AI chips to China.
Nvidia plans to roll out a lower-cost AI chip tailored for China based on its new Blackwell architecture, aiming to preserve its foothold in a shrinking but still critical market amid intensifying U.S. export restrictions.
The U.S. government's decision in April 2025 to impose stricter export controls on advanced semiconductors has delivered a significant blow to Nvidia, compelling the company to obtain licenses for sales of its H20 AI chips to China—one of its largest and most strategically important markets.
The Kremlin on Wednesday said Tehran’s decision to suspend cooperation with the International Atomic Energy Agency (IAEA) is a "direct" result of the recent Israeli and US strikes on nuclear facilities in Iran.
King Charles will welcome U.S. President Donald Trump for a state visit later this year, marking the president’s second official visit to the U.K. under royal invitation.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Switzerland is taking steps toward deeper defence cooperation with the European Union, launching talks on a non-binding arms partnership while maintaining its neutral stance.
U.S. President Donald Trump insisted on Wednesday that American strikes caused “very severe” damage to Iranian nuclear sites, despite leaked intelligence reports suggesting otherwise.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
The Kremlin on Wednesday said Tehran’s decision to suspend cooperation with the International Atomic Energy Agency (IAEA) is a "direct" result of the recent Israeli and US strikes on nuclear facilities in Iran.
King Charles will welcome U.S. President Donald Trump for a state visit later this year, marking the president’s second official visit to the U.K. under royal invitation.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Switzerland is taking steps toward deeper defence cooperation with the European Union, launching talks on a non-binding arms partnership while maintaining its neutral stance.
U.S. President Donald Trump insisted on Wednesday that American strikes caused “very severe” damage to Iranian nuclear sites, despite leaked intelligence reports suggesting otherwise.
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