The rally came alongside a high-profile geopolitical moment for the chipmaker. Nvidia CEO Jensen Huang joined US President Donald Trump’s delegation to China after reportedly securing a last-minute seat aboard Air Force One during a stop in Alaska.
Huang was not part of the original delegation, which already included Tim Cook and Elon Musk. Nvidia later said Huang’s participation came at Trump’s invitation and was aimed at supporting broader US policy goals.
The milestone further cements Nvidia’s dominance at the heart of the global AI boom. The company currently controls more than 80% of the global AI accelerator market, powered largely by surging demand for its graphics processing units (GPUs) that underpin modern AI models and hyperscale data centres.
Nvidia’s explosive growth has been fuelled by the rapid expansion of AI infrastructure worldwide. Originally known for gaming chips, the company pivoted aggressively toward AI and data centre computing years before generative AI became mainstream, helping it emerge as the clear leader in the AI hardware race.
Its financial performance has mirrored that dominance. Nvidia clocked approximately $215.9 billion in revenue for fiscal 2026, marking a 65% year-on-year jump. The company’s data centre business alone contributed nearly $197 billion, underscoring how AI infrastructure spending has become Nvidia’s primary growth engine.
In the fourth quarter alone, Nvidia posted more than $68 billion in revenue, up 73% from a year earlier, while data centre gross margins touched 76.5%. The company has also repeatedly indicated that demand for its next-generation AI chips continues to outpace supply.
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The broader market continues to view Nvidia as one of the biggest beneficiaries of the AI spending wave, despite recurring concerns around overheated valuations, rising competition and fears of an AI bubble.
Industry estimates suggest global data centre investments could run into trillions of dollars over the next few years, with GPUs expected to account for a significant share of that spending, positioning Nvidia at the centre of the global AI arms race.
