Nvidia's revenue soars 265% year over year due to generative AI boom

Artificial intelligence powerhouse Nvidia announced its highly-anticipated fourth-quarter earnings report on Wednesday which showed a massive jump in quarterly revenue from a year ago, reassuring investors that its AI edge is alive and well. Nvidia's revenue in the fourth quarter, which ended on Jan. 28, was up 265% from a year ago and 22% from the prior quarter and totaled $22.1 billion – beating analysts' estimates of $20.6 billion. For fiscal year 2024, Nvidia's revenue rose 126% to $60.9 billion."Accele ...