#1NVIDIA. Shareholder Outreach December 2023#2Safe Harbor Forward-Looking Statements Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: our aim to engage manufacturing suppliers and goal of effecting supplier adoption of science-based environmental targets by fiscal 2026; and our plan for 100% renewable electricity for our operations and data centers by fiscal 2025 and annually thereafter; and our Diversity, Inclusion, and Belonging strategy and goals; our financial position; and our market opportunity, demand and growth drivers are forward-looking statements. These forward-looking statements and any other forward-looking statements that go beyond historical facts that are made in this presentation are subject to risks and uncertainties that may cause actual results to differ materially. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences and demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems and other factors. NVIDIA has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, and you should not rely upon the forward-looking statements as predictions of future events. The future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although NVIDIA believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee that future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. Except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. For a complete discussion of factors that could materially affect our financial results and operations, please refer to the reports we file from time to time with the SEC, including our Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Copies of reports we file with the SEC are posted on our website and are available from NVIDIA without charge. Financial Measures In addition to U.S. GAAP financials, this presentation includes non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. These non-GAAP measures include non-GAAP gross margin, non-GAAP operating income, and non-GAAP diluted earnings per share. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, IP-related costs, other, gains and losses from non-affiliated investments, interest expense related to amortization of debt discount, and the associated tax impact of these items where applicable. See the Appendix for a reconciliation between each non-GAAP measure and the most comparable GAAP measure. NVIDIA#3Summary Financials Board of Directors and Governance Corporate Sustainability NVIDIA#4$5,931 Revenue +34% QOQ +206% YoY $13,507 $18,120 Q3 FY23 Q2 FY24 Q3 FY24 Gross Margin % +390bps QoQ +2,040bps YOY 53.6% GAAP P&L $ in millions, except EPS 70.1% 74.0% Q3 FY23 Q2 FY24 Q3 FY24 Operating Income +53% QOQ +1,633% YoY $601 $6,800 $10,417 Q3 FY23 Q2 FY24 Q3 FY24 $0.27 Diluted EPS Q3 FY23 +50% QOQ +1,274% YOY $2.48 Q2 FY24 $3.71 Q3 FY24 NVIDIA#5$5,931 Revenue +34% QOQ +206% YoY $13,507 $18,120 Q3 FY23 Q2 FY24 Q3 FY24 Gross Margin % +380bps QoQ +1,890bps YoY 56.1% Non-GAAP P&L $ in millions, except EPS 71.2% 75.0% Q3 FY23 Q2 FY24 Q3 FY24 Operating Income +49% QOQ +652% YoY $1,536 $7,776 $11,557 Q3 FY23 Q2 FY24 Q3 FY24 $0.58 Diluted EPS +49% QOQ +593% YoY Q3 FY23 $2.70 Q2 FY24 $4.02 Q3 FY24 NVIDIA#6NVIDIA's Board Experienced and Skilled Leaders Senior management, industry leaders, financial expertise, marketing, academia Jen-Hsun Huang Co-Founder, CEO and President NVIDIA Rob Burgess* Independent Consultant Tench Coxe Former Managing Director Sutter Hill Ventures John Dabiri Centennial Professor of Aeronautics and Mechanical Engineering California Institute of Technology Persis Drell Professor of Materials Science and Engineering and Physics, and Former Provost Stanford University Dawn Hudson* Former CMO National Football League Harvey Jones* Managing Partner Square Wave Ventures Melissa Lora* Former President Taco Bell International Michael McCaffery* Chairman of the Board Makena Capital Management *Considered financial expert Steve Neal Lead Independent Director Chairman Emeritus and Senior Counsel Cooley LLP Mark L. Perry* Independent Consultant and Director Brooke Seawell* Venture Partner New Enterprise Associates Aarti Shah Former SVP and Chief Information and Digital Officer Eli Lilly and Company Mark Stevens Managing Partner S-Cubed Capital#78 TENURE Director Lora Shah Dabiri Neal Drell McCaffery Hudson Burgess Stevens Perry Seawell Jones Coxe Huang 4 2 ■< 5 years X X X X X Sr. Leadership & Ops. X X X X X 5-10 years X > 10 years Industry/ Technical X X X X X X Board Composition & Expertise AGE 2 Ô 4 8 Fin./Fin. Community X X X X X X X X X X 40-59 60-65 66+ Governance & Public Co. Board X X X X X X X X X X X X X GENDER 4 O 10 Emerging Tech. & Bus. Models X X X X X xx X X X X X Mktg., Comms. & Brand Mgmt. X X X X X X Women Men Regulatory, Legal & Risk Mgmt. X X X X ETHNIC/RACIAL 3 O 10 Human Capital Mgmt. X X X X XX X xx X X X X Diversity X X X ■ Ethnically/ Racially diverse LNA X X X NVIDIA#8Environmentally Conscious || By FY26, aim to engage manufacturing suppliers comprising at least 67% of NVIDIA's scope 3 category 1 GHG emissions with goal of effecting supplier adoption of science-based targets NVIDIA GPUs are typically 20X more energy efficient for certain Al and HPC workloads than traditional CPUs 18.8 Plan to achieve & maintain 100% renewable electricity for our operations and data centers by FY25 and annually thereafter Corporate Sustainability A Place For People To Do Their Life's Work glassdoor BEST PLACES TO WORK 3 "100 Best Companies to Work For" FORTUNE "America's Most Just Companies" FORBES "Most Responsible Companies" NEWSWEEK "Best Places to Work for LGBT Equality" HUMAN RIGHTS CAMPAIGN Management Time Magazine's 100 Most Influential Companies Fast Company's Best Workplaces for Innovators Fortune's World's Most Admired Companies Wall Street Journal's Management Top 250 All-Stars Corporate Governance 43% of Board is Gender, Racially, or Ethnically Diverse 93% of Directors are independent NVIDIA#9We Welcome Your Feedback#10Additional Topics#1193% of the Board is independent Directors (including Jensen) own approximately 4% of our common stock Commitment to Sound Governance Independent Lead Director and Board committees Director compensation based on market rates/peers Do 75%+ meeting attendance by Board members 9 At least annual board and committee self-evaluations Declassified Board $607 Annual risk assessment oversight $ Director stock ownership guidelines 6X cash retainer Annual stockholder outreach NVIDIA#12Commitment to Stockholder Views and Rights Stockholders approved Board declassification in 2011; All directors elected by stockholders annually since 2014 Majority voting provision in bylaws (other than contested elections) Stockholders did not approve removal from charter of 66 2/3% vote requirement for director removal in 2019 Made changes to fiscal 2016 compensation metrics for PSUs and variable cash in 2015 We have a single class of common stock outstanding, no priority voting rights Proxy access voluntarily implemented by the Board in 2016 Greater of 2 candidates or 20% of Board Stockholder (or group of up to 20) owning at least 3% of our common stock continuously for at least 3 years NVIDIA#13Our Compensation Practices Founded on best practices and aligned with stockholders Focus on simplicity Equity is a significant portion of total compensation No multi-year guaranteed bonuses, income tax gross-ups, or change-in-control agreements Annual say-on-pay proposal Executives are subject to stock ownership guidelines Policy prohibiting the hedging or pledging of company stock Equity plan prohibits discretionary acceleration Clawback policy updated in November 2023 NVIDIA#14NVIDIA. Our Compensation Practices Leverage industry peer data and driven by our culture and values Our peer companies are companies that: • We compete with for executive talent; Have an established business, market presence and similar complexity ● Are similar in size at roughly 0.5-3.5X our revenue and market capitalization Pay for performance • ~96% of CEO pay is provided through "at-risk" performance- based elements Variable cash tied to Annual Revenue Single-Year PSUs tied to Annual Operating Income and Gross Margin Multi-Year PSUs tied to Total Shareholder Return performance vs. the S&P 500 over a 3-year period ● ● ~92% of Other NEO pay is provided through "at-risk" performance-based elements; Equity is a significant component of total compensation ● Other NEOs receive time based Restricted Stock Units (RSUS) in addition to variable elements Focus on long-term growth and success We don't believe our executives need short term incentive programs to motivate them We focus on the operating system of the company to drive results and adjust as required to achieve the desired long and short-term outcomes Managing ESG priorities such as engaging the right diverse talent, managing issues in our supply chain, and addressing climate change may impact our long-term growth and success#15Attract & Hire Diversify our technical, entry-level hiring, and leadership roles. Employee Support Champion the growth of Community Resource Groups & take action to address their specific needs DI&B Strategy & Goals community, comra DIVERSITY ove representation in all graphies, job functions BELONGING and levels. ONE TEAM , comradery, and support. Ensure each person is and inspired gan environment of their life's work INCLUSION to do engaged, EQUITY with Strive for equitable outcom pay, development, and pro Measurement Target actions based on data and employee sentiment Education & Learning Develop resources to increase manager and peer support for underrepresented employees Career Development Increase development support opportunities to help grow and advance careers NVIDIA#16Reconciliation GAAP Financial Measures of Non-GAAP to#17Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Q3 FY23 Gross margin ($ in million) Operating income ($ in million) Net income ($ in million) Shares used in diluted per share calculation (millions) Diluted EPS Non-GAAP $3,329 56.1% $1,536 $1,456 2,499 $0.58 Acquisition- Related and Other Costs (A) (120) (2.0) (174) (174) I T Stock-Based Compensation (B) (32) (0.5) (745) (745) T A. Consists of amortization of intangible assets, transaction costs, and certain compensation charges. B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense. C. Other comprises of restructuring, contributions and net losses from non-affiliated investments Other (C) T (16) (28) I I Tax Impact of Adjustments 171 T T GAAP $3,177 53.6% $601 $680 2,499 $0.27 NVIDIA#18Q2 FY24 Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Gross margin ($ in million) Operating income ($ in million) Net income ($ in million) Shares used in diluted per share calculation (millions) Diluted EPS Non-GAAP $9,614 71.2% $7,776 $6,740 2,499 $2.70 Acquisition-Related and Other Costs (A) (119) (0.9) (137) (137) Stock-Based Compensation (B) (31) (0.2) (842) (842) 1 A. Consists of amortization of intangible assets, transaction costs, and certain compensation charges. B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense. C. Other comprises of assets held for sale related adjustments and net gains from non-affiliated investments IP-Related Costs (2) I (2) (2) I I Other (C) - T 5 66 T T Tax Impact of Adjustments T 363 T T GAAP $9,462 70.1% $6,800 $6,188 2,499 $2.48 NVIDIA#19Q3 FY24 Gross margin ($ in million) Operating income ($ in million) Net income ($ in million) Reconciliation of Non-GAAP to GAAP Financial Measures Shares used in diluted per share calculation (millions) Diluted EPS Non-GAAP $13,583 75.0% $11,557 $10,020 2,494 $4.02 Acquisition-Related and Other Costs (A) (119) (0.7) (135) (135) Stock-Based Compensation (B) (38) (0.2) (979) (979) 1 A. Consists of amortization of intangible assets and transaction costs. B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense. C. Other represents net losses from non-affiliated investments and interest expense related to amortization of debt discount IP-Related Costs (26) (0.1) (26) (26) I I Other (C) T T T (70) T I Tax Impact of Adjustments T 433 T I GAAP $13,400 74.0% $10,417 $9,243 2,494 $3.71 NVIDIA#20NVIDIA.