Nvidia (NVDA), the world’s largest public company by market value and a bellwether in the AI sector, once again exceeded Wall Street’s expectations for the fourth quarter, presenting its results after the US markets closed on Wednesday.
The chipmaker beat estimates, reporting revenue of $68.1 billion, a 73% increase 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 about $66.1 billion in revenue and $1.54 in adjusted EPS, according to FactSet data.
Shares rose nearly 3% in aftermarket trading Wednesday following the earnings release.
Investors are now focusing on guidance. Nvidia expects first-quarter revenue of about $78 billion, compared to analyst expectations of $72.9 billion, setting the tone for the next phase of AI-driven growth.
The chipmaker giant also said its data center revenue for the fourth quarter hit a record $62.3 billion, up 75% from a year ago and up 22% from the previous quarter, driven by “major platform changes: accelerated computing and artificial intelligence.”
Following the results and outlook, bitcoin held at session highs around $69,500 after a 10% rally 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 posted modest gains following Nvidia’s report. IREN (IREN), Cipher Digital (CIFR), and TeraWulf (WULF rose 1% to 2% in after-hours trading.
The company will host a conference call at 5 p.m. ET, where investors will listen closely for more signals about the next phase of building out the AI infrastructure.
