The technology giant has confirmed that revenue rose by an eye-watering $44.1 billion in the first quarter of 2025, up 12 percent from the previous quarter and a 69 percent increase from a year ago.

Jensen Huang, the founder and CEO of Nvidia, said in a statement: "Global demand for NVIDIA’s AI infrastructure is incredibly strong."

Huang also observed that Nvidia "stands at the center" of a "profound transformation".

The CEO said: "AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognising AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation."

In April, Nvidia stock began to tumble after US President Donald Trump announced a wave of tariffs. However, a US court recently blocked many of President Trump's tariffs and Nvidia stocks are now on the rise once again.

Dan Ives, an industry analyst, told the BBC that Nvidia's earnings report and the company's prospects were "a very positive result for Nvidia and the tech world after a Twilight Zone tariff battle".