Nvidia Corp. delivered a strong performance in its latest earnings report, signaling bright prospects as one of the primary beneficiaries of the artificial intelligence (AI) boom. In total, the company recorded revenue of US$215.9 billion, equivalent to approximately Rp3,627.12 trillion. Nvidia CEO Jensen Huang stated that “computing demand is growing exponentially.”

The world’s most valuable chipmaker posted US$68.1 billion (around Rp1,143 trillion) in revenue for the final quarter of last year, marking a 73% year-over-year surge, according to Nvidia’s official announcement on Thursday (February 26, 2026).

Most of Nvidia’s revenue was generated from its data center segment, which contributed approximately US$62.3 billion (around Rp1,042 trillion). Of that figure, about US$51 billion was categorized as computing revenue, primarily driven by GPU sales.

To ease concerns over soaring stock valuations and fears of a potential AI bubble, Jensen Huang explained that heavy investments by Nvidia’s customers — ranging from OpenAI to Meta Platforms — have fueled Nvidia’s own capital expenditures, which in turn generate substantial revenue.

Looking ahead to fiscal year 2027, Nvidia is targeting revenue of US$78 billion, excluding contributions from chip shipments to China. The company’s Chief Financial Officer, Colette Kress, previously clarified that as of the end of the fourth quarter of 2025, there was still no certainty regarding federal approval for the import of older H200 AI memory chips.

Kress noted that the H200 chip has not generated any revenue so far, and it remains unclear whether imports into China will be permitted. This statement was reinforced by David Peters of the House Foreign Affairs Committee, who explained that Nvidia has not sold the chip to China despite having obtained authorization from Trump.

Concerns on Wall Street have not fully subsided. Some analysts warn that the surge in spending on computing infrastructure may not necessarily result in sustained positive outcomes. Nvidia’s stock performance going forward is expected to remain overshadowed by doubts about the durability of its large-scale investments.

“When a company posts extraordinary numbers, we know the market remains highly volatile,” said Ken Mahoney, President of Mahoney Asset Management, as reported by Bloomberg News.

In its latest trading session, NVDA shares edged slightly lower but still posted a 5% gain since the start of the fourth quarter of 2025. Meanwhile, investors have begun steering away from sectors considered vulnerable to AI disruption. Bloomberg data shows that Intuit Inc., Gartner Inc., and Workday Inc. have each declined by more than 40% since the beginning of the year.

Looking ahead, China remains a key focus. “What Nvidia communicates in its guidance is crucial, particularly regarding overseas sales and what products they are permitted to sell,” said Luke Rahbari, Chief Executive Officer of Equity Armor Investments.