TLDR
- Nvidia delivered $68.1 billion in revenue for the fourth quarter, representing a 73% year-over-year increase.
- Adjusted earnings per share reached $1.62, surpassing analyst expectations of $1.54.
- First-quarter revenue guidance stands at approximately $78 billion, exceeding Wall Street forecasts of $72.9 billion.
- Data Center revenue hit an all-time high of $62.3 billion, climbing 75% compared to the previous year.
- CFO Colette Kress highlighted that the data center business expanded nearly 13-fold since ChatGPT launched.
- CEO Jensen Huang emphasized that artificial intelligence has arrived and will continue advancing.
Nvidia unveiled fourth-quarter financial results that surpassed Wall Street projections, propelling shares higher during extended trading hours. The semiconductor giant demonstrated robust revenue expansion and provided first-quarter guidance that topped analyst predictions. Chief Executive Jensen Huang declared, “AI is here. AI is going to stay.”
The technology company generated revenue totaling $68.1 billion, representing a 73% jump compared to the same period last year. Wall Street analysts had anticipated approximately $66.1 billion in revenue, based on FactSet data. The chipmaker’s adjusted earnings per share came in at $1.62, outperforming the consensus estimate of $1.54.
Stock prices climbed as high as 4% during after-hours trading immediately following the announcement. The equity later moderated its advance, settling around 1% higher in extended session activity. Market participants shifted their attention toward future outlook statements.
Data Center Business Reaches New Heights While Forward Guidance Exceeds Projections
Nvidia reported that Data Center revenue achieved a record $62.3 billion during the quarter. This figure jumped 75% year over year while climbing 22% from the previous quarter. Management credited the expansion to “significant platform transitions – accelerated computing and artificial intelligence.”
CFO Colette Kress stated, “Our data center business has scaled by nearly 13 times since ChatGPT emerged.” She revealed that Nvidia has locked in inventory and supply agreements stretching through 2027. The company anticipates first-quarter revenue approaching $78 billion, well above the analyst consensus of $72.9 billion.
Thomas Monteiro, senior analyst at Investing.com, commented on expansion trends during the release. He noted, “These results strongly counter concerns that hyperscaler AI growth might slow toward 2027.” He emphasized that the 75% jump in data center revenue demonstrates infrastructure buildout continues accelerating.
Jensen Huang doubled down on the positive outlook during the conference call. He characterized past computational demand as “a minuscule portion” compared to what lies ahead. He concluded, “AI will only improve going forward.”
Digital Asset Markets React as Bitcoin Holds Steady, TAO and ICP Show Strength
Bitcoin maintained positions around $69,000 following a 10% recovery from Tuesday’s lows. The leading cryptocurrency remained stable after Nvidia published its quarterly results. Price action showed some moderation from peak intraday levels.
Bittensor (TAO) continued its upward trajectory following the earnings disclosure. Internet Computer (ICP) demonstrated similar strength during this timeframe. Both digital assets subsequently pared a portion of their advances.
Cryptocurrency mining companies mirrored Nvidia’s movement in extended trading. IREN (IREN), Cipher Digital (CIFR), and TeraWulf (WULF) appreciated between 1% and 2%. These equities later relinquished their gains.
Nvidia’s quarterly disclosure and forward outlook establish expectations for coming periods. The company’s first-quarter revenue projection of $78 billion surpassed market estimates. Shares maintained approximately 1% gains in after-hours activity following the announcement.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
