TechFlow news, according to Reuters, NVIDIA's recent financial report shows that the company's revenue for the fourth quarter reached $22.1 billion, exceeding the expected $20.62 billion and representing a year-on-year increase of 265%.
Sales in the Data Center segment surged by 409% in the fourth fiscal quarter, reaching $18.4 billion, higher than the projected $16.8 billion. Data center revenue had grown nearly 280% in the previous quarter.
Net profit for Q4 was $12.285 billion, surpassing market expectations of $10.34 billion.
NVIDIA (NVDA.O) on Wednesday forecasted quarterly revenue to grow nearly threefold, easily beating estimates, as strong demand for its industry-leading AI chips propelled its shares up 10% in after-hours trading.
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