NVIDIA designs the chips and software that power artificial intelligence and sells complete data center systems to cloud providers, AI labs, and other businesses, along with GeForce graphics cards for gamers. Its GPUs, chips that perform thousands of calculations at once, became the main hardware for AI after researchers used them to train the AlexNet image-recognition model in 2012. NVIDIA connects many GPUs with its own processors and networking gear into servers and rack-sized computers, and developers program them through its CUDA software. These systems bring in most of its sales, and it also makes chips for cars and robots. Jensen Huang co-founded NVIDIA in 1993, and it is based in Santa Clara, California.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
1993
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Cursor, the coding assistant maker owned by Anysphere, closed a $2.3 billion Series D round at a $29.3 billion valuation. Accel and Coatue Management co-led the round, with Nvidia participating. The company says annualised revenue has passed $1 billion. Yet its $20 monthly Pro plan frustrates users. Cursor swapped request-based limits for usage-based pricing, so $20 now buys compute at API rates, roughly 225 Sonnet 4 requests. Some users ran out after a few prompts and faced unexpected extra charges. Cursor's chief executive apologised for poor communication and offered refunds for surprise usage between June 16 and July 4, 2025. Complaints about unclear limits and credit use by Agent Mode persist.
An analyst at The Motley Fool names four chip stocks to hold for the next decade: Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Company (TSMC), and ASML. The case rests on AI demand for advanced chips. Nvidia's latest quarterly revenue rose 106% to $96 billion, and net income grew 126% to almost $60 billion. Broadcom's revenue climbed 86% to $29.6 billion, with net income up 216% to $13.1 billion. TSMC, which holds a 72.5% share of the advanced chip market according to TrendForce, posted second-quarter revenue of $40 billion, up 36%. ASML, which dominates the machines that make those chips, reported net sales of €9.3 billion, up 21%. Risks include an AI bust and, for TSMC, exposure to Taiwan.
NVIDIA and Cisco announced Ultra-Dense Small Form Factor Pluggable (USFP), a new optical module for AI data centres, on October 12, 2026. They say it will be the first to support 400Gb/s-per-lane electrical signals, for capacity up to 12.8Tb/s. USFP offers 4x the bandwidth density and about 1.3x the power efficiency of 200Gb/s-per-lane modules. Operators can connect more computing systems without adding network tiers, while cutting networking's share of power use. The first transceivers will pack 16 full-duplex lanes in an octal small form factor-sized footprint, with 32 lanes or more planned. The companies are working with TE Connectivity and Amphenol on cages, connectors and modules. They plan an open industry specification through a community-led multi-source project.
HARTING Technology Group, a German industrial connectivity provider, has joined the NVIDIA MGX ecosystem as a power system component provider for the NVIDIA Vera Rubin NVL72 platform. It announced the move on October 12, 2026. The company makes power whips, which are cable assemblies that carry power from the building to each rack. Its products cover the shift from 480 VAC to NVIDIA's 800 VDC architecture, as AI workloads demand more power in denser data centres. For the platform, HARTING offers a 100A/480VAC power whip for the 110kW power shelf, and a 157A/800 VDC DC-DC power whip linking power infrastructure to the compute rack. HARTING will appear on the NVIDIA AI Factory MGX Ecosystem wall at the OCP Global Summit 2026. It will show two power whip solutions at booth C79. The family-owned company reported sales of €1.1 billion in the 2024/25 business year.
Nvidia's revenue reached $96.22B last quarter, up 105.8% year over year, and the company guides to $108B for the next quarter, excluding any China data centre compute revenue. Data centre revenue grew 117% to $89.02B. Management says supply stays tight through fiscal 2028, when it expects growth of about 70%. The stock trades at a trailing price-to-earnings ratio of 46 and about 17 times forward earnings. Nvidia returned about $26B to shareholders last quarter, has $99B left on its buyback authorisation, and raised its quarterly dividend from $0.01 to $0.25 per share. Risks include $279B in supply commitments and guarantee obligations of up to $108.5B. The company has also put nearly $50B into frontier AI labs, which critics call "circular financing.