Nvidia Soars on Record $22B Revenue and Bullish AI Growth Outlook
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Nvidia Q4 results beat expectations with revenue of $22.1B (up 265% YoY) and EPS of $5.16. Shares gained 7% after hours.
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Data center revenue was a record $18.48B (up 409% YoY), showing continued strong demand for AI chips.
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Gaming revenue rebounded to $2.98B (up 59% YoY), suggesting improvement in that segment.
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Nvidia estimates Q1 revenue at $24.8B, far above analyst forecasts of $21.9B, citing surging demand for AI across industries.
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CEO Jensen Huang called generative AI a "tipping point" and said 2024 will bring major new product cycles to propel the industry forward.