Nvidia Reports Strong AI Growth Outlook
Nvidia (NASDAQ: NVDA), the leading AI chip manufacturer, forecasts revenue of $78 billion for the upcoming fiscal year, representing a 77% increase year-over-year. The company has seen double-digit revenue growth recently, continuing its dominance in the AI industry, mainly through its graphics processing units (GPUs) that power AI tasks from training to inference.
Nvidia’s CEO, Jensen Huang, highlighted a significant shift in AI about six months ago, marking the emergence of “agentic AI,” which is actively solving real-world problems. Looking ahead, Huang sees potential in “physical AI,” involving the integration of AI agents in robotics, indicating further growth opportunities for the company.
