Nvidia reports record-breaking growth and reaffirms a massive long-term AI infrastructure outlook as major hyperscalers begin installing the company's latest Vera Rubin hardware.
Nvidia reported 106% year-over-year revenue growth to $96.2 billion, expanded gross margin to 75%, and CEO Jensen Huang reaffirmed a $3 trillion to $4 trillion AI infrastructure market forecast, pointing to continued strong demand.
Alphabet is identified as a major cloud/data center operator deploying Nvidia's Vera Rubin systems, aligning it with sustained AI infrastructure spending.
Microsoft is named among the data center operators installing Nvidia's Vera Rubin racks, reflecting its continued investment in AI infrastructure.
Oracle is listed as a data center operator rolling out Nvidia's Vera Rubin racks, underscoring its role in the AI infrastructure expansion.
CoreWeave is mentioned as one of the data center operators installing Nvidia's new Vera Rubin racks, positioning it to benefit from the AI infrastructure buildout.
Nebius Group is cited as one of the data center operators installing Nvidia's Vera Rubin racks, implying it benefits from the ongoing AI buildout.
Nvidia CEO Jensen Huang has doubled down on his projection that AI infrastructure spending will reach $3 trillion to $4 trillion by 2030. Despite industry concerns regarding supply constraints and development slowdowns, Nvidia reported a 106% year-over-year revenue surge to $96.2 billion, bolstered by the rapid deployment of its new Vera Rubin architecture across major cloud data centers.
Major data center operators and hyperscalers including CoreWeave, Alphabet, Microsoft, Oracle, and Nebius Group are currently installing the new Vera Rubin hardware.