SANTA CLARA, California — Nvidia shareholders on Thursday approved the company's board nominees and executive compensation plan at its annual meeting. Chief executive Jensen Huang reiterated robust demand for the company's artificial intelligence chips, with results disclosed in a regulatory filing.

Nvidia continues to dominate the market for processors used to train and run large AI models. The company has positioned its Blackwell architecture and successor designs as central to data centre buildouts by Microsoft, Amazon, Alphabet and Meta, with Huang repeatedly describing demand as exceeding supply.

Shareholders also voted on routine governance items, including the ratification of the company's independent auditor and several investor proposals. Proxy advisers Institutional Shareholder Services and Glass Lewis had issued recommendations ahead of the meeting, and Nvidia's board urged investors to reject shareholder proposals it deemed unnecessary.

The annual meeting followed a period of intense scrutiny over export controls affecting Nvidia's sales to China. The company has said US restrictions on advanced chips continued to weigh on its addressable market, even as overall revenue reached record levels. Analysts at Morgan Stanley and Bernstein have flagged China policy as a key variable.

Huang told shareholders the company expected AI infrastructure spending to remain elevated through the coming year, citing demand from cloud providers and sovereign computing projects. He pointed to expanding deployments across enterprise and robotics applications as additional growth drivers.