On this page of StockholderLetter.com we present the latest annual shareholder letter from NVIDIA CORP — ticker symbol NVDA. Reading current and past NVDA letters to shareholders can bring important insights into the investment thesis.
2025 NVIDIA Corporation Annual Review Notice of Annual Meeting Proxy Statement Form 10-K
The Future Runs on Accelerated Computing We re entering a new industrial revolution. This time, intelligence is the product. Generative and agentic AI generate, reason, and act. Like electricity, intelligence is becoming a ubiquitous utility. Nations are building AI infrastructure, and NVIDIA powers this transformation. We re not just advancing AI. We re building the infrastructure of intelligence, turning computing into a generative force for every industry. Photograph by: Katie Thompson

The Intelligence Supply Chain Has Arrived
AI factories are a new class of infrastructure, transforming data into tokens of intelligence. Built on the NVIDIA full-stack platform with NVIDIA Blackwell GPUs and NVLink, they deliver unmatched performance and efficiency, powering trillion-dollar industries. Intelligence is no longer stored and retrieved. It s continuously generated by AI factories. NVIDIA is building the global supply chain for this new essential resource.
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NVDA Shareholder/Stockholder Letter Transcript:

2025
NVIDIA Corporation
Annual Review
Notice of Annual Meeting
Proxy Statement
Form 10-K

The Future Runs on
Accelerated Computing
We   re entering a new industrial revolution. This time, intelligence is the product.
Generative and agentic AI generate, reason, and act. Like electricity, intelligence is
becoming a ubiquitous utility. Nations are building AI infrastructure, and NVIDIA powers
this transformation. We   re not just advancing AI. We   re building the infrastructure
of intelligence, turning computing into a generative force for every industry.
Photograph by: Katie Thompson


The Intelligence Supply
Chain Has Arrived

AI factories are a new class of infrastructure, transforming data into tokens of
intelligence. Built on the NVIDIA full-stack platform with NVIDIA Blackwell GPUs and
NVLink, they deliver unmatched performance and efficiency, powering trillion-dollar
industries. Intelligence is no longer stored and retrieved. It   s continuously generated by
AI factories. NVIDIA is building the global supply chain for this new essential resource.



shareholder letter icon 5/13/2025 Letter Continued (Full PDF)
 

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