Nvidia Reports Blowout Quarter Amid AI Boom
Nvidia reported record fourth-quarter revenue and profit that significantly surpassed analyst expectations, driven by strong demand for its data center and AI chips. The company also issued a bullish forecast for the first quarter, quelling recent market skepticism about the durability of AI-driven hardware demand. The results provided a tailwind for the broader tech sector.
- The Data Center segment was the primary growth engine, with revenue surging 75% year-over-year to a record $62.3 billion. This growth was fueled by the ramp-up of the Blackwell platform, with demand so high that even older Hopper and Ampere-based products are sold out in the cloud. [1,
