NVIDIA stated that, aside from artificial intelligence (AI), robotics technology is the largest potential growth market for the chip manufacturer.
“Our company has numerous growth opportunities, among whichAI and robotics technology are the two largest fields, representing trillions of dollars in growth opportunities,” NVIDIA CEO stated at the annual shareholder meeting.
Over a year ago, NVIDIA changed the way it reports its business segments, merging the automotive and robotics divisions into the same project. This year May, NVIDIA reported that the quarterly sales of this business segment were 567 million dollars, accounting for about 1% of the company’s total revenue. The annual growth rate for the automotive and robotics divisions is 72%.
In the past three years, due to strong demand for NVIDIA’s data center graphics processing units (GPUs), NVIDIA’s sales have skyrocketed. TheseGPUs are used to build and run complex AI chatbots like OpenAI’s ChatGPT. NVIDIA’s total sales have increased from about 27 billion dollars in the fiscal year 2023 to 130.5 billion dollars in 2024, and according to data from the London Stock Exchange, analysts expect sales in 2025 to approach 200 billion dollars.
Although robotics technology currently represents a relatively small scale for NVIDIA, the CEO stated that applications will require the company’s data center AI chips to train software, as well as other chips installed in autonomous vehicles and robots.
“We are working towards a goal where billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories will be powered by NVIDIA technology,” NVIDIA CEO said.
In addition to AI chips, NVIDIA is increasingly providing more complementary technologies, including software, cloud services, and networking chips to connect AI accelerators together. NVIDIA’s brand is continuously evolving, specifically aiming to become a provider of “ AI infrastructure” or “computing platform.”
At the annual shareholder meeting, shareholders approved NVIDIA’s executive compensation plan and re-elected all 13 board members. Proposals submitted by external shareholders for more detailed diversity reporting and modifications to the shareholder meeting procedures were not passed.
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