Nvidia Earnings Top Expectations as AI Demand Drives Record Revenue | Global News Avenue

nvidia(NVDA) reported fourth fiscal fourth quarter earnings that exceeded analyst expectations AI Sales and sales are rising.

The chip maker released record quarterly revenue of $39.33 billion, up 78% year-on-year and above is a visible analyst consensus on Alpha. Adjusted net income was $22.07 billion, up 72% from the same period last year, with the highest expectations.

Sales in the NVIDIA data center segment represent the majority of chipmaker revenue, nearly doubled to a record $35.6 billion.

“We have successfully improved the mass production of Blackwell AI supercomputers, achieving multi-billion-dollar sales in the first quarter,” CEO Jensen Huang said in a press release.

Looking ahead, NVIDIA forecasts fiscal first-quarter revenue of $43 billion, plus 2%. Analysts have been looking for $421.1 billion.

NVIDIA’s stock has little change in extended trading following the news. Over the past 12 months, they have added more than two-thirds of their value by the end of Wednesday.