Nvidia CEO Sees Billions in AI, Robotics Growth, 72% Revenue Surge

During the annual shareholder meeting, the CEO of Nvidia emphasized that the company has numerous growth opportunities across various sectors. Among these, artificial intelligence (AI) and robotics technology stand out as the most significant, representing tens of billions of dollars in growth potential. The CEO highlighted that autonomous vehicles will be the first major commercial application of robotics technology.

Nvidia restructured its business divisions over a year ago, merging the automotive and robotics departments into a single unit. In May, this division reported quarterly sales of 567 million dollars, accounting for approximately 1% of the company's total revenue. The automotive and robotics business saw a year-over-year growth of 72%, aligning with expectations.

The CEO introduced the Thrive platform, designed for autonomous vehicles, and mentioned the recent launch of the Cosmos AI model for humanoid robots. The CEO envisions a future where tens of billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robot factories are powered by Nvidia's technology.

In addition to providing AI chips, Nvidia is increasingly offering complementary technologies such as software, cloud services, and network chips to support AI operations. The CEO noted that Nvidia's brand has evolved, now better described as an "AI infrastructure" or "computing platform" provider, rather than a pure chip manufacturer.

The CEO also highlighted that major clients continue to invest heavily in AI, despite concerns about a potential slowdown in AI spending. Recent financial reports indicate sustained investment from these key customers.