Yotta Data Services, which controls up to 70% of India’s GPU capacity, said surging demand from local AI startups and global tech firms is tightening supply.

Chip giant Nvidia has reported record annual revenue of $215.9bn (£159.1bn), despite a wave of investor scepticism about the massive amounts of money being spent on artificial intelligence (AI) technology. The firm also beat analyst's forecasts as sales for the last three months of its financial year jumped by 73% compared to 12 months earlier.

Nvidia unveils Vera Rubin, a next-gen AI system promising 10x performance per watt, modular design, and liquid cooling to power future data centers.

Artificial intelligence chipmaker Nvidia beat Wall Street’s earnings expectations in posting a knockout quarter, largely attributing that growth to an inflection point with agentic AI adoption among enterprises, though more than a third of Nvidia’s revenue during fiscal 2026 came from just two customers.

Shares in Nvidia skidded Thursday, despite the huge chip maker posting a jump in profit and record quarterly sales. The stock fell 5.5%, a move that erased $259 billion in market cap from the company,

Nvidia posted record $68.1 billion Q4 revenue and $43B net income, driven by data center AI demand, and guided $78B revenue for the current quarter.

Feb 26 (Reuters) - A global shortage of gaming chips could last until the end of this year, an Nvidia executive has said, signaling more pain for the video game industry that is already buckling under weak sales due to slowing consumer demand.

The chip giant at the center of the artificial intelligence boom again beat expectations. But it didn’t overcome investor jitters.

The prospects for AI to sustain build-out spending and to harm legacy industries continue to be front of mind for Wall Street.