NVIDIA Reclaims Title as World’s Most Valuable Company: What Jensen Huang Had to Say？
On Wednesday, NVIDIA CEO Jensen Huang stated that, beyond artificial intelligence (AI), robotics represents the chipmaker’s most promising market, with autonomous vehicles as the first major commercial application.
At NVIDIA’s annual shareholder meeting, Huang said, “Our company has many growth opportunities across various fields, but AI and robotics are the biggest, representing trillion-dollar growth prospects.”
Over a year ago, NVIDIA restructured its business reporting, merging its automotive and robotics divisions. In May, the company reported quarterly sales of $567 million for this segment, about 1% of total revenue. The automotive and robotics unit grew 72% year-over-year in Q1, roughly in line with expectations.
Amid the global AI boom, demand for NVIDIA’s AI chips has surged, driving revenue growth.
Analysts note that NVIDIA’s total sales skyrocketed from $27 billion in fiscal 2023 to $130.5 billion last year, with projections nearing $200 billion this year.
Though robotics remains a small segment for NVIDIA, Huang emphasized that applications will require the company’s AI chips for software training, alongside other chips embedded in autonomous vehicles and robots.
Huang highlighted NVIDIA’s Thrive platform for autonomous vehicles and recently launched Cosmos AI model for humanoid robots.
He said, “We’re working toward a future with billions of robots, millions of autonomous vehicles, and hundreds of thousands of robotic factories, all powered by NVIDIA’s technology.”
Beyond AI chips, NVIDIA increasingly offers software, cloud services, and networking chips to support AI operations. Huang noted that NVIDIA’s brand is evolving, now better described as an “AI infrastructure” or “computing platform” provider. “We stopped thinking of ourselves as just a chip company long ago.”
On Wednesday, NVIDIA’s stock surged 4% at the U.S. close, hitting a record high with a market cap of $3.75 trillion, reclaiming its spot as the world’s most valuable company.
Loop Capital said the AI trend driving NVIDIA’s stock shows no signs of slowing and could push the chipmaker’s market cap past others, potentially reaching $6 trillion—a 65% increase from its current $3.6 trillion.
Analyst Ananda Baruah said, “We’re entering the golden wave of the next AI applications, and NVIDIA is at the forefront of another stronger-than-expected demand cycle.”
Despite concerns about slowing AI spending, recent earnings show NVIDIA’s largest clients—Microsoft, Meta, Alphabet, and Amazon—continue to invest heavily.