Nvidia US67066G1040 refutes the doubters: The AI ​​boom is causing the chip company's business to continue to grow rapidly.

In recent weeks, some have questioned whether training artificial intelligence really requires as many Nvidia chips as previously assumed. The trigger was the Chinese AI Deepseek, which was supposedly trained with very little effort.

In the last quarter, however, Nvidia's revenue jumped by 78 percent year-on-year to $39.3 billion. Nvidia thus exceeded analysts' expectations. The bottom line profit rose from $12.3 billion to $22.1 billion. The share price temporarily rose by around two percent in after-hours trading in the US.

Sales of data center technology rose by 93 percent year-on-year to $35.6 billion last quarter. Nvidia's chip systems are used around the world to train artificial intelligence applications. Heavyweights like Google US02079K1079 and Facebook's Meta US30303M1027 fill entire data centers with them - but AI start-ups like the ChatGPT inventor OpenAI are also relying on them. This key position is allowing Nvidia's business to continue to grow.

For the current quarter, Nvidia forecast group sales of $43 billion - with the caveat that they could be two percent higher or lower. This exceeded market expectations.