Nvidia - Research & Development (R&D) Expenses

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Fiscal Year R&D Expenses (in Billions USD)
2021 $3.92
2022 $5.27
2023 $7.34
2024 $8.68
2025 $12.91

Note: All figures are in US dollars. The fiscal year for Nvidia ends in January. Fiscal year 2025 ended on January 26, 2025. The significant increase in R&D spending reflects Nvidia's intensified focus on artificial intelligence.

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