According to Jensen Huang, CEO of Nvidia, the company will prioritize the development of autonomous (agentic) artificial intelligence following its record revenue in the third quarter.
On Nov. 20, Nvidia founder and CEO Jensen Huang declared that the company’s quarterly revenue had increased by 17% from the previous quarter and by 94% from the previous year, as the age of AI is in full swing, driving a global transition to Nvidia computing.
The company’s data centers, the driving force behind the AI revolution, accounted for most of the revenue, which increased by 112% yearly to $30.8 billion. Huang predicted that the demand for AI computing technologies would remain robust, with a Q4 revenue projection of $37.5 billion.
“AI is transforming every industry, company, and country. Enterprises are adopting agentic AI to revolutionize workflows.”
“We observe that the number of AI-native companies is continuing to increase.” During the Q3 earnings call, Huang stated, “enterprise adoption of agentic AI is the latest craze.”
The company, which has a market capitalization of $3.6 trillion and is currently the largest globally, is establishing itself as a critical enabler of agentic AI technologies and “AI agents.”
It endeavors to accomplish this by offering high-performance computing platforms such as Hopper and Blackwell GPUs, developing AI software frameworks that facilitate the development of complex AI agents, and developing tools that enable enterprises to construct and deploy autonomous AI systems.
Autonomous decision-making and goal-directed behavior are the hallmarks of agentic AI, which are artificial intelligence systems.
They can independently comprehend intricate objectives, deconstruct tasks into smaller components, make decisions and actions with minimal human intervention, and execute multi-step reasoning processes.
Agentic AI systems can adapt to changing circumstances and operate independently, selecting actions to achieve objectives in dynamic or ambiguous environments.
Nvidia is not the sole entity striving to be at the vanguard of Agentic AI. Microsoft, a software company, proposed autonomous AI agents for its Copilot AI assistant and other products in a blog post on Nov. 19.
Microsoft CEO Satya Nadella stated at a conference on Nov. 20 that the company is instructing a new set of AI tools on how to “act on our behalf across our work and life.”
In after-hours trading, Nvidia stock (NVDA) declined by 2.5% to $142, failing to respond to the robust revenue report, according to Google Finance.
Most of the leading AI tokens declined at the time of writing, and only Bittensor (TAO) defied the trend. The Nvidia results did not bolster the leading AI tokens.
