2025年度回顾及股东大会通知

The Future Runs onAccelerated ComputingWe’re entering a new industrial revolution.This time, intelligence is the product.Generative and agentic AI generate, reason, and act. Like electricity, intelligence isbecoming a ubiquitous utility. Nations are building AI infrastructure, and NVIDIA powersthis transformation. We’re not just advancing AI. We’re building the infrastructureof intelligence, turning computing into a generative force for every industry.Photograph by: Katie Thompson The Intelligence SupplyChain Has Arrived AI factories are a new class of infrastructure,transforming data into tokens ofintelligence. Built on the NVIDIA full-stack platform with NVIDIA Blackwell GPUs andNVLink, they deliver unmatched performance and efficiency, powering trillion-dollarindustries. Intelligence is no longer stored and retrieved. It’s continuously generated byAI factories. NVIDIA is building the global supply chain for this new essential resource. CUDA-X: Turning AccelerationInto ImpactWarpPhysicscuDFcuMLData Scienceand ProcessingcuDSScuSPARSEcuFFTAmgXComputer-AidedEngineeringTRT-LLMMegatronNCCLcuDNNCUTLASScuBLASDeepLearningcuEquivariancecuTENSORQuantumChemistrycuQuantumCUDA-QQuantumComputing NVIDIA CUDA-X is the language of accelerated computing.It’s a layered softwarestack of domain-specific libraries, frameworks, and tools built on NVIDIA CUDA. Itabstracts complexity and delivers performance across industries for applicationsspanning materials science, weather modeling, and industrial design. CUDA-X is howaccelerated computing becomes accessible, powerful, and practical—transformingraw GPU capability into real-world breakthroughs.AnalyticsMONAIMedicalImagingParabricksGeneSequencingcuOptDecisionOptimizationAerialSionna5G/6G SignalProcessingcuLithoComputationalLithographycuPyNumericNumericalComputing The AI SuperchipPowering theNext IndustrialRevolutionBlackwell is NVIDIA’s fastest-ramping platformever—powering the era of AI reasoning. It delivers 30xfaster inference with 25x lower cost of ownership,redefining AI economics. NVIDIA Blackwell Ultraboosts AI factory output by 50x over NVIDIA Hopper,accelerating digital biology, robotics, and autonomoussystems. With dramatically reduced energy per token,Blackwell makes AI production scalable, efficient,and foundational to the new industrial revolution. A Blueprint for Tomorrow’sDigital WorkforceAgentic AI is the next frontier—intelligent systems that perceive, reason, and act.With NVIDIA NeMo, NIM microservices, and AI Blueprints, businesses can deploy customAI agents at scale. From ServiceNow to SAP, industry leaders are using agentic AI totransform workflows, preserve knowledge, and drive innovation. These agents reachbeyond software into robotics and automation, fueling a trillion-dollar economy. Transforming $100Trillion of IndustryWith Digital Twinsand AINVIDIA Omniverse is the operating system for industrialdigitalization,enabling enterprises to build and optimizedigital twins of factories, supply chains, and autonomousmachines. Paired with NVIDIA Cosmos—world foundationmodels trained on real-world physics—teams can simulate,test, and refine intelligent systems before deployment. FromFoxconn to Accenture, industry leaders are using Omniverseand Cosmos to accelerate the future of physical AI. The Robotics EraHas ArrivedRobotics represents a multitrillion-dollaropportunitydriven by a global worker shortageand breakthroughs in physical AI and worldsimulation at scale. NVIDIA powers the world’srobot developers with a three computer solution:1.NVIDIA DGX for training AI models2.NVIDIA Omniverse and Cosmos forsimulation and synthetic data generation3.NVIDIA Jetson AGX for deployment—and development stacks like NVIDIAIsaac GR00T for humanoid robots,NVIDIA Metropolis for vision AI, andNVIDIA DRIVE for autonomous vehiclesFrom Figure AI to Universal Robots, and Uber toMercedes-Benz, robotics leaders are building onNVIDIA technologies. GeForce RTX 50 Series:AI-Powered Gamingand Creativity The NVIDIA GeForce RTX 50 Series, built on Blackwell,introduces a new era ofAI-powered gaming and creation. With 92 billion transistors and NVIDIA DLSS 4 neuralrendering, it delivers up to 8x frame boosts. GeForce RTX 50 Series laptops pack GeForceRTX 4090-class power into ultra-thin designs with 40% better battery life. RTX AI PCsnow enable generative AI for gamers, creators, and developers everywhere. “We’re building the essential infrastructure for theAI era—across clouds, enterprises, and robotics.This is more than a computing transition. It’sthe foundation for a new industrial age.”Photograph by: John Shearer environments of our customers,delivered by a global network ofsystem makers across the supplychain. This enables a scale andvelocity in deploying these one-and-a-half-ton AI supercomputersthe world has never seen before.Operational Scale,Disciplined InvestmentWe’re investing at pace—with discipline,efficiency, and purpose. Operatingexpenses rose 45% year-over-yearto $