Nvidia's fourth fiscal quarter earnings surpassed Wall Street's forecasts for both earnings and sales.
Revenue during the current quarter is expected to exceed previous expectations, contributing to a 10% rise in Nvidia shares during extended trading.
Earnings per share for the quarter were $5.16 adjusted, higher than the expected $4.64.
Quarterly revenue reached $22.10 billion, surpassing the expected $20.62 billion.
CEO Jensen Huang remains optimistic about continued growth in 2025 and beyond, citing demand for GPUs in generative AI and a shift away from central processors.
Nvidia reported $12.29 billion in net income during the quarter, a significant increase from the previous year.
Data center sales, driven by demand from various industries, rose 409% to $18.40 billion, with over half going to large cloud providers.