Nvidia (NVDA), the world’s largest public company by market value and a leader in the AI sector, once again beat Wall Street’s expectations for the fourth quarter, reporting results after the close of U.S. markets on Wednesday.
The chipmaker beat estimates, reporting revenue of $68.1 billion, an increase of 73% from a year earlier, as continued AI-related capital spending fueled strong demand for its chips. It also reported adjusted earnings per share of $1.62, beating estimates. Wall Street analysts expected Nvidia to report revenue of about $66.1 billion and adjusted EPS of $1.54, according to FactSet data.
Shares rose nearly 3% in after-hours trading Wednesday following the earnings release.
Investors are now focusing on directions. Nvidia expects first-quarter revenue of about $78 billion, up from analysts’ expectations of $72.9 billion, setting the tone for the next phase of AI-driven growth.
The chipmaking giant also said its data center revenue for the fourth quarter was a record $62.3 billion, up 75% from last year and 22% from the previous quarter, driven by “major platform changes: accelerated computing and AI.”
Following the results and outlook, bitcoin remained at the session high, around $69,500, after rising 10% from Tuesday’s lows. AI-focused crypto tokens such as Bittensor (TAO) and Internet Computer (ICP) added to their gains.
Crypto miners, increasingly tied to AI and high-performance computing infrastructure, also saw modest gains following Nvidia’s report. IREN (IREN), Cipher Digital (CIFR) and TeraWulf (WULF) were up 1-2% after hours.
The company will host a conference call at 5 p.m. ET, where investors will listen closely for further signals on the next phase of AI infrastructure development.
