Nvidia's $23.6B R&D spend over 12 months rivals AMD, Broadcom and Marvell combined

Beth_Kindig · x · 2026-11-05

Nvidia spent $23.6 billion on R&D over the trailing twelve months, roughly equal to AMD ($9.39B), Broadcom ($11.84B) and Marvell ($2.44B) combined. Charts show Nvidia's R&D curve inflecting sharply after 2020 and nearly vertical since 2025, reflecting the intensity of the AI silicon race.

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