“Two and a half years ago, Nvidia and AMD had basically the same revenue, around $25 billion. This year, Nvidia will do about $210 billion and AMD will do roughly $33 billion — Nvidia has captured nearly 100% of the incremental AI data center revenue.”

Brad GerstnerInvestor

Founder and CEO, Altimeter Capital

Nvidia reported $215.9 billion of revenue for fiscal 2026 (the year ending January 2026, essentially calendar 2025), close to Gerstner's ~$210 billion; AMD reported record full-year 2025 revenue of $34.6 billion versus his ~$33 billion. Both figures landed within a few percent of the prediction.