Nvidia revenue worldwide FY2015-2024

In its 2024 fiscal year, Nvidia recorded revenues of 60.9 billion U.S. dollars, up from the 27 billion U.S. dollars in 2023. The figure for fiscal year 2024 is also the highest for the company as it reaps the rewards from the artificial intelligence (AI) boom.

Nvidia's history

Nvidia is a U.S. technology firm specializing in the design of processors and chipsets, including graphics processing units (GPUs) for the gaming and professional markets. Headquartered in Santa Clara, California, the company was founded in 1993 by Jensen Huang who, following on from time spent as a microprocessor designer at AMD, has been Nvidia’s president and chief executive officer (CEO) from the outset.

Nvidia's failed takeover of Arm

To support Nvidia’s growth across these key markets and more, the firm had previously announced that it had reached an agreement with SoftBank Group Corp. to purchase Arm Limited in a transaction worth 40 billion U.S. dollars. However, in February 2022, the deal, which stood to be the largest semiconductor industry acquisition in history, collapsed, with Nvidia citing significant regulatory challenges as a major stumbling block. SoftBank received 1.25 billion U.S. dollars from Nvidia for failing to go through with the transaction.