"Nvidia's fiscal fourth-quarter revenue surged 73% from the previous year to $68.1 billion while its profit nearly doubled to roughly $43 billion, or $1.76 per share. The results for the November-January period blew past the analyst projections that shape investors' perceptions, as has been the case since Nvidia's high-end chips emerged as AI's best building blocks three years ago."
"The Santa Clara, California, company also provided a forecast exceeding analyst projections while its CEO Jensen Huang reinforced the demand for the company's chips is still 'skyrocketing.' That description feeds into Huang's thesis that the AI boom is still in the early stages of a buildout that will reshape society."
"AI is here, AI is not going to go back. AI is only going to only get better from here. If Nvidia hits its revenue target for the February-April period, it will translate into a 77% increase from last year - a sign that the company's already phenomenal growth rate is still accelerating."
Nvidia delivered exceptional fiscal fourth-quarter results for November-January, with revenue surging 73% year-over-year to $68.1 billion and profit nearly doubling to approximately $43 billion. The company's earnings significantly exceeded analyst expectations, continuing a pattern since its high-end chips became essential AI infrastructure three years ago. CEO Jensen Huang reinforced that demand remains strong and characterized the AI boom as still in early stages of a transformative buildout. Nvidia's forward guidance projects 77% revenue growth for the next quarter, suggesting acceleration of already phenomenal growth rates. Despite stellar results, some investors remain concerned about potential market correction following the three-year boom that elevated Nvidia's market value from $400 billion to nearly $4.8 trillion.
Read at Fast Company
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