Nvidia Earnings Top Expectations On Record Data Center Revenue

Core Insights - Nvidia reported $68.1 billion in quarterly revenue, marking a 73% year-over-year increase, and earnings per share of $1.62, surpassing analyst expectations of $66.1 billion and $1.54 respectively [1][2] Financial Performance - Full-year revenue for Nvidia totaled $215.9 billion with earnings per share of $4.77, exceeding expectations of $213.8 billion and $4.69 [2] - Data center revenue in the fourth quarter reached a record $62.3 billion, up 75% from the previous year, accounting for over 91% of the company's total sales [2] Market Context - Nvidia is the only stock among the "Magnificent Seven" to see an increase in value this year, while other major companies like Tesla, Microsoft, Alphabet, Meta, Apple, and Amazon have not experienced gains [3] - Recent skepticism in the AI market has been noted, with significant projected spending on AI products from major firms, totaling $610 billion by 2026, including Amazon's anticipated capital expenditures of up to $200 billion [4] - Analysts have indicated that spending forecasts for AI have exceeded expectations, despite ongoing investor concerns regarding AI spending [4]