Nvidia (NVDA) reported fourth-quarter results that topped Street estimates on both the top and bottom lines. The chip giant reported adjusted earnings per share of $5.16 compared to estimates of $4.60. Revenue was $22.10 billion compared to estimates $20.41 billion. Data center revenue was $18.4 billion, topping the expected $17.21 billion. In the release, founder and CEO Jensen Huang says, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.”
Yahoo Finance’s Julie Hyman and Josh Lipton break the report down.
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Editor’s note: This article was written by Stephanie Mikulich.
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