Nvidia Reports Q4 Earnings of $68.1 Billion, Driven by Data Center Growth Amid AI Investment Surge
Nvidia's Q4 earnings exceeded expectations with revenues of $68.1 billion, a 73% year-over-year increase. The data center segment drove this growth, contributing $62.3 billion, up 75% from last year. The company reported earnings of $1.62 per share, surpassing the estimated $1.54. Despite concerns over AI investments, Nvidia remains optimistic, forecasting $78 billion in revenue for Q1. Shares rose nearly 3% in after-hours trading following the earnings report.
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Nvidia reported Q4 earnings of $68.1 billion, a 73% increase year-over-year, driven primarily by its data center segment, which brought in $62.3 billion, reflecting 75% growth. The earnings per share were $1.62, exceeding analyst expectations of $1.54.
Following the report, Nvidia's shares rose nearly 3% in after-hours trading. The company forecasts revenues of approximately $78 billion for Q1, surpassing analyst estimates of $72.9 billion. Investors are focusing on Nvidia's conference call for insights into AI chip demand and data center expansion.
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