Nvidia Results Show US Lead in Global AI Race Is Widening

Nvidia's quarterly revenue hit $96.2 billion, more than doubling year-over-year, demonstrating a widening US lead in the global AI race. This figure surpassed Taiwan Semiconductor Manufacturing Company's entire 2024 revenue of $88.3 billion in just three months. The Data Center division generated $89 billion alone, up 117%, with demand outpacing Nvidia's production capacity. The company forecast $108 billion for next quarter and projected 70% growth through 2028, exceeding Wall Street expectations despite shares wobbling as investors assessed the scale. Nvidia's dominance reshapes the AI supply chain, with customers including cloud providers, carmakers, and hospitals competing for limited hardware. This growth contrasts with softer demand in other sectors, highlighting US engineering and capital markets' central role in the AI buildout.