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At NVIDIA’s annual shareholder meeting on June 26, Jensen Huang clearly stated: “Our company has many growth opportunities, among which AI and robotics technology are the two largest, representing trillions of dollars in growth potential.” This indicates that NVIDIA views not only AI as a core business but also robotics technology as a key driver for its future development.
Huang emphasized that autonomous vehicles will be the first major commercial application of robotics technology, and he expects that billions of robots and autonomous vehicles will rely on NVIDIA’s technology in the future.
In fact, NVIDIA changed the way it reports its business segments over a year ago, merging the automotive and robotics divisions into the same project. In May of this year, NVIDIA reported that the quarterly sales of this business segment reached $567 million, accounting for about 1% of the company’s total revenue. The sales of the automotive and robotics divisions grew by 72% year-over-year. This indicates that although these businesses currently account for a small portion of the company’s overall revenue, their growth rate is very fast and they are expected to become an important source of revenue for NVIDIA in the future.
Huang also highlighted NVIDIA’s Drive chip platform and the autonomous vehicle software being used by Mercedes-Benz. He also mentioned that NVIDIA recently released a humanoid robot AI model named Cosmos.
He stated, “We are committed to achieving the goal that one day, billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories will be powered by NVIDIA technology.”
Over the past three years, NVIDIA’s sales have soared due to strong market demand for its data center graphics processing units (GPUs). These GPUs are used to train large AI models and have been sought after by AI companies worldwide. Data shows that NVIDIA’s total sales have skyrocketed from about $27 billion in fiscal year 2023 to $130.5 billion last year, with analysts expecting sales to approach $200 billion this year.
Recently, NVIDIA’s stock price has climbed to an all-time high, with a market capitalization of approximately $3.75 trillion, surpassing Microsoft to become the world’s most valuable company.
However, Huang stated that NVIDIA’s brand is transitioning from a “chip company” to an “AI infrastructure” provider, emphasizing that the company is evolving from “a chip company” to an “AI infrastructure” or “computing platform” provider.
