Despite investor concerns about AI spending, chip giant Nvidia has reported record annual revenue of $215.9bn, exceeding analyst forecasts.

• The company's sales for the last three months of its financial year surged by 73% year-on-year.
• Nvidia, the world's most valuable publicly-traded company with a market value of around $4.8tn, is a key player in AI infrastructure, supplying chips to companies like OpenAI and Meta.
• Amid geopolitical tensions and scrutiny over its deal-making, Nvidia is also expanding its product line, including new technologies for self-driving cars and plans for a robotaxi service.