Nvidia Earnings Top Expectations as AI Demand Drives Record Revenue

Core Insights - Nvidia reported fiscal fourth-quarter earnings that surpassed analysts' expectations, driven by strong demand for artificial intelligence, resulting in record quarterly revenue of $39.33 billion, a 78% increase year-over-year [1] - The adjusted net income reached $22.07 billion, reflecting a 72% year-over-year growth and exceeding market expectations [1] Revenue Breakdown - Sales from Nvidia's data center segment, which constitutes the majority of the company's revenue, nearly doubled to a record $35.6 billion [2] - The company successfully ramped up production of Blackwell AI supercomputers, achieving billions in sales during its first quarter, with CEO Jensen Huang highlighting the "amazing" demand for Blackwell [2] Future Outlook - Nvidia forecasts fiscal first-quarter revenue of $43 billion, with a margin of plus or minus 2%, which is above analysts' expectations of $42.11 billion [2] Stock Performance - Following the earnings release, Nvidia's shares remained relatively unchanged in extended trading, having increased by more than two-thirds in value over the past 12 months [3]