June 26 - Nvidia (NVDA, Financial) CEO Jensen Huang said robotics is the company's second-largest growth opportunity, following artificial intelligence, during his remarks at the company's annual shareholders meeting Wednesday.
Huang highlighted the “multitrillion-dollar” potential in both AI and robotics. He noted that autonomous vehicles will likely be the first major real-world use case for the technology.
In May, Nvidia grouped its automotive and robotics divisions into a single reporting unit. That business generated $567 million in quarterly sales, roughly 1 percent of total revenue, and grew 72 percent year over year. Huang said these figures are small for now but poised for rapid expansion.
Huang also pointed to the company's Drive platform, which supports self-driving functions in Mercedes-Benz vehicles. Nvidia recently launched the “Cosmos” AI model designed for humanoid robotics, underscoring its push into integrated hardware and AI software.
Nvidia shares climbed Wednesday following the news, reaching an all-time high and boosting its market capitalization to approximately $3.75 trillion, slightly ahead of Microsoft, as AI and robotics optimism fueled investor enthusiasm.
The company emphasized its transformation into an “AI infrastructure” and “computing platform” provider, moving well beyond traditional chipmaking.
While robotics remains a small slice today, Nvidia's strategy and expanding applications suggest it could become a major growth driver over the next few years.