Nvidia has reported record annual revenue of $215bn, as demand for its computer chips continued to grow. The results come despite wider concerns about the pace and sustainability of investment in artificial intelligence. The company said strong sales were driven by continued demand for its AI-focused hardware.

Nvidia’s chips are widely used in data centres and AI systems. The company has also begun developing its own artificial intelligence products. This marks a shift from supplying hardware alone to building more complete AI solutions.

The results underline Nvidia’s central role in the global AI industry. Interest in AI technology has increased in recent years, leading to higher demand for advanced chips. At the same time, some investors have questioned how long rapid growth in AI spending can continue. Despite these concerns, Nvidia’s latest figures show that demand for its products remains strong.