Nvidia’s AI Revenue Jumps 85%, Eyes 96% Quarterly Growth

NVDA•

2026-06-24

Nvidia’s AI segment generated over $250 billion in annual revenue, growing 85% year-over-year with an expected 96% quarter-on-quarter increase. By comparison, SpaceX’s AI arm recorded $3.2 billion in revenue (22% growth); Nvidia’s $5 trillion market cap more than doubles SpaceX’s $2 trillion valuation.

1. Strong AI Revenue Growth

Nvidia’s AI division delivered over $250 billion in annual revenue, marking an 85% increase from the prior year. This surge reflects broad adoption of its GPUs across data centers, cloud services, and enterprise applications.

2. Accelerated Future Growth

Management projects another 96% jump in AI segment revenue for the current quarter, driven by new product launches, expanded partnerships, and sustained demand for high-performance computing in generative AI workloads.

3. Valuation Contrast with SpaceX

With a $5 trillion market cap, Nvidia commands more than twice the valuation of SpaceX’s $2 trillion, despite SpaceX’s AI arm generating $3.2 billion last year. The disparity underscores investor confidence in Nvidia’s established AI ecosystem and scalable business model.