What is Nvidia's revenue forecast for the fiscal first quarter?

Nvidia projects sales of approximately $78 billion for its fiscal first quarter.

How much did Nvidia's revenue increase in the fiscal fourth quarter?

Nvidia's revenue gained 73% to $68.1 billion in the fiscal fourth quarter.

What did Nvidia CEO Jensen Huang say about AI compute investment?

CEO Jensen Huang stated that customers are actively racing to invest in AI compute.

Home / Business and Economy / Nvidia AI Boom Continues: Sales Soar Past Expectations

Nvidia AI Boom Continues: Sales Soar Past Expectations

26 Feb

•

Summary

Nvidia projects $78 billion in fiscal first-quarter sales.
Fiscal fourth-quarter revenue grew 73% to $68.1 billion.
CEO Jensen Huang notes customers' urgent AI compute investment.

Nvidia AI Boom Continues: Sales Soar Past Expectations

Nvidia Corp. has provided a robust revenue forecast for its fiscal first quarter, projecting sales of around $78 billion. This outlook signals that the ongoing build-out of artificial intelligence computing infrastructure remains on a strong trajectory. The company's positive guidance has helped to mitigate anxieties surrounding a potential bubble in AI investments.

CEO Jensen Huang emphasized that clients are actively prioritizing investments in AI compute power. This demand contributed to Nvidia reporting a 73% surge in revenue, reaching $68.1 billion for its fiscal fourth quarter. The company also announced earnings per share of $1.62, excluding certain items. Following this announcement, Nvidia's stock experienced an approximate 4% rise in extended trading.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.