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Nvidia (NASDAQ: NVDA) has experienced explosive growth due to the surge in artificial intelligence (AI) infrastructure, with its data center revenue skyrocketing from $4.3 billion in Q1 fiscal 2024 to $39.1 billion in Q1 fiscal 2026, marking a nearly 10-fold increase. The company currently possesses over 80% market share in the GPU segment and anticipates that data center capital expenditures will exceed $1 trillion by 2028.
Additionally, Nvidia’s automotive division reported a 72% increase in revenue, reaching $567 million last quarter. The company projects this figure could rise to $5 billion in the current fiscal year as more vehicles equipped with its technology are introduced. Nvidia’s automotive customers include major brands such as Mercedes, Toyota, and Hyundai, with plans indicating that the broader automotive market could represent a $300 billion opportunity.
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5 Stocks Our Experts Predict Could Double In the Next Year
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