Nvidia stock holds its valuation after record data center growth

Nvidia (US67066G1040) stock is supported by fiscal 2025 revenue of $130.5 billion and non-GAAP diluted EPS of $2.99, alongside a market capitalization that remained above the mega-cap threshold in recent trading. The latest investor reference point is the companys own IR hub, which still frames the story around data center demand, cash generation, and margin discipline.

Revenue reached $130.5 billion

Nvidia reported fiscal 2025 revenue of $130.5 billion, up from $60.9 billion in fiscal 2024, a year-over-year increase of more than 100%. That comparison matters because it shows how quickly the company moved from a large chip vendor into a much larger AI infrastructure supplier.

Non-GAAP gross margin for fiscal 2025 was 75.0%, while non-GAAP operating income reached $81.4 billion. Those two numbers help explain why the market keeps paying close attention to Nvidia stock even when the absolute valuation is high: revenue growth has been paired with unusually high profitability.

Profit rose with scale

Fiscal 2025 non-GAAP net income came to $74.3 billion, and non-GAAP diluted EPS reached $2.99. On a reported basis, Nvidia said fiscal 2025 net income was $72.9 billion, which underscores that earnings strength was not just a one-off adjustment story.

The companys current scale also changed the market discussion. A business that generated $130.5 billion of annual revenue and $81.4 billion of non-GAAP operating income can be judged on execution, supply, and margins rather than on the question of whether demand exists at all.

Market value stays heavy

Nvidia stock remains one of the largest US equity names by market value, a status that reflects both the size of the business and the market's willingness to capitalize its earnings stream at a premium. For investors, that combination makes the next quarterly print and any margin change more important than general semiconductor sentiment.

The recent framework is straightforward: revenue more than doubled year over year in fiscal 2025, gross margin held at 75.0%, and EPS reached $2.99. When those three figures move together, the stock usually trades on how long the growth can persist rather than on the last quarter alone.

Data center drives the story

The data center business remains the clearest product anchor for Nvidia stock. The companys current IR materials continue to place the platform, systems, and accelerated computing stack at the center of the investment case, which is why product mix remains more relevant than a generic semiconductor cycle comparison.

That product focus matters because the company is now judged less like a traditional chip supplier and more like an infrastructure layer for AI workloads. In practical terms, the numbers that matter most are revenue, gross margin, operating income, and EPS, not just unit shipments.

IR hub and valuation

Nvidia investors can use the companys own IR page for reports, presentations, and earnings materials, which is the best source for the fiscal 2025 figures cited here. The latest published annual numbers still point to a business that grew from $60.9 billion of revenue in fiscal 2024 to $130.5 billion in fiscal 2025.

That scale shift is why Nvidia stock keeps attracting close attention across the Nasdaq and the broader S&P 500. The market is effectively pricing the durability of a $130.5 billion revenue base, a 75.0% gross margin, and $2.99 in non-GAAP EPS into the share price.

Data center and systems

The product mix behind Nvidia stock is still led by data center hardware and related systems, which is the segment investors focus on when they judge whether revenue growth can stay above the companys 2024 base. The revenue jump from $60.9 billion to $130.5 billion shows that the business no longer depends on one-off product cycles alone.

As long as the company can preserve a 75.0% gross margin while scaling operating income to $81.4 billion, the market will keep treating data center as the decisive growth engine rather than a supporting segment.

Closing price and scale

Nvidia stock trades with a valuation that reflects its size, profitability, and AI exposure. The most important dated operating benchmark remains fiscal 2025, when revenue reached $130.5 billion and non-GAAP EPS reached $2.99.

The core investment debate is now about persistence: whether a company that more than doubled revenue in one fiscal year can keep margins near 75.0% while defending its lead in accelerated computing.