NVIDIA's data center & AI revenue has grown nearly 15-fold since early 2023
Most of the chips used to train and run AI models come from NVIDIA. This makes NVIDIA's data center & AI revenue one of the clearest public figures available for tracking demand for AI hardware.
The chart here shows how the company's quarterly revenue has changed over the last eight years, split by market segment.
In early 2023, data center & AI revenue was around $4 billion per quarter. By late 2025, this had grown to $62 billion — a more than 15-fold increase in under three years.
This data comes from NVIDIA's financial reports and is not adjusted for inflation. I recently updated this chart with the latest quarterly release and will continue to do so each quarter.