The computer-chip designer reported $46.7 billion revenue for the second three months of the year earlier this week - a 56 per cent increase from the same period in 2024 - despite being caught up in trade tensions between the US and China.

Nvidia claims that it has "continued to work through geopolitical issues" as the firm navigates US President Donald Trump's rapidly changing policies that have been designed to keep the country ahead in the AI development race.

Nvidia's complex chips have been a vital part of the AI boom and it explained how the demand for its products continues to be strong - particularly from big tech companies such as Meta and OpenAI.

The firm's boss Jensen Huang said: "The AI race is now on.

"Over time, you would think that artificial intelligence would... accelerate GDP growth. Our contribution to that is a large part of the AI infrastructure."

Colleen McHugh, chief investment officer at the investment firm Wealthify, explained how Nvidia is "at the heart of this AI boom".

She told the BBC: "It's really unchallenged in the market for AI chips."

McHugh explained that the firm is "very reliant" on tech behemoths continuing to spend big money on its chips and that them doing so means Nvidia's "returns and share price continuing to move up".

The company's revenue increase actually fell short of some analysts' expectations but investor Eileen Burbridge stressed that Nvidia had seen "unbelievable" growth.

She said: "There's clearly been so much capital that's gone on that I don't think it's unfair to say there's been maybe too much exuberance or a bit of a bubble."