Nvidia announced fiscal fourth-quarter results that surpassed Wall Street expectations, driven by strong demand for AI chips. The company's revenue for the full fiscal year reached a record $215.9 billion, a 65% increase, while net profit for the quarter rose 79%.
Key points
- Fourth-quarter revenue hit $68.1 billion, up 73% year-over-year.
- Full-year revenue reached $215.9 billion, marking a 65% increase.
- Quarterly net profit was $39.552 billion, a 79% year-over-year rise.
- Data center revenue in Q4 was a record $62.3 billion, up 75% from the prior year.
- Nvidia provided an optimistic revenue forecast for the first quarter between $76.44 billion and $79.56 billion.
- CEO Jensen Huang stated that the inflection point for AI with agents has arrived.
Why it matters
Nvidia's strong performance, which seems to alleviate fears of an AI bubble, serves as a key indicator for the overall health and growth trajectory of the artificial intelligence industry.
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