Nvidia CEO Jensen Huang told shareholders on Wednesday that robotics, alongside artificial intelligence, represents one of the company’s two biggest long-term growth engines. Speaking at Nvidia’s annual shareholders meeting, Huang emphasized the firm’s vision to become the key infrastructure provider for a future powered by autonomous machines and intelligent robotics.
“We’re working towards a day where there will be billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories that can be powered by Nvidia technology,” Huang said.
While robotics currently makes up only about 1% of Nvidia’s total revenue—with $567 million in quarterly sales reported in May—the segment is growing rapidly, up 72% year-over-year. Nvidia has grouped its automotive and robotics divisions into a single reporting line, which includes its Drive platform used by automakers like Mercedes-Benz, and new AI models for humanoid robots, such as Cosmos.
Huang stressed that robotics will rely heavily on Nvidia’s AI data center chips to train software, as well as onboard chips to power the robots and self-driving vehicles themselves.
Nvidia’s broader momentum remains extraordinary. The company’s total sales skyrocketed from $27 billion in fiscal 2023 to $130.5 billion last year, driven by explosive demand for AI GPUs powering platforms like ChatGPT. Analysts expect nearly $200 billion in revenue this fiscal year.
Nvidia shares hit an all-time high on Wednesday, briefly making it the most valuable company in the world with a market cap of $3.75 trillion, just ahead of Microsoft.
We’re better described today as an AI infrastructure or computing platform company,” Huang added. “We stopped thinking of ourselves as a chip company long ago.”
At the meeting, Nvidia shareholders also approved executive compensation plans and re-elected all 13 board members. Proposals related to diversity reporting and procedural changes for shareholder meetings failed to pass.
As Nvidia expands beyond AI into robotics, Huang made it clear: the company is building the backbone for a new industrial revolution.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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