NVIDIA
Updated
What it is
NVIDIA (Nasdaq: NVDA) is a semiconductor company that designs GPUs and AI accelerators, having transformed from a gaming-graphics chipmaker into the dominant supplier of data-center compute for AI training and inference. Data center sales now make up the large majority of its revenue, led by its Blackwell architecture. CEO Jensen Huang has positioned the company at the center of global AI infrastructure buildouts by cloud providers, enterprises, and sovereign AI projects.
Why it matters lately
NVIDIA closed fiscal 2026 (ended January 25, 2026) with record annual revenue of $215.9 billion, up 65% year over year, and record Q4 FY2026 revenue of $68.1 billion driven by Blackwell demand; it guided Q1 FY2027 revenue to about $78 billion, explicitly excluding China data-center compute revenue because of ongoing U.S. export restrictions. On October 29, 2025, NVIDIA became the first company ever to reach a $5 trillion market capitalization, and it has traded in roughly the $4.5-5.5 trillion range through much of 2026.
Asymmetric Analytics view
Inference (AA): NVIDIA's capex-cycle revenue and China export-control exposure make it a bellwether for both the AI infrastructure boom and U.S.-China tech-sanctions risk that runs through the ELSI graph.