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.
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European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
As competition over artificial intelligence intensifies, U.S. tech leaders are warning that China’s rapid state-backed progress could soon outpace the West, raising concerns that America is losing its technological edge.
Nvidia has announced a major partnership with the South Korean government and top companies to strengthen the country’s artificial intelligence capabilities by supplying hundreds of thousands of its advanced GPUs.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
Authorities discovered the lifeless bodies of renowned filmmaker Rob Reiner, aged 78, and his wife, Michele Reiner, 68, in their upscale Brentwood home in Los Angeles on Sunday. The police investigation has labeled the incident an apparent homicide.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
Schools across Cambodia and Thailand were forced to close on Monday (15 December) as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
U.S. envoy Steve Witkoff and Ukrainian President Volodymyr Zelenskyy held two rounds of high-stakes talks in Berlin, Germany on 14-15 December. Ukraine’s chief negotiator, Rustem Umerov, posted on X that discussions with the U.S. envoy have been "constructive and productive".
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
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