Nvidia’s earnings are in — and Wall Street appears to be breathing a collective sigh of relief at better-than-expected revenue and guidance. The stock jumped 3% after hours following the results and rose higher still during the company’s call with analysts.
“There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told analysts. “From our vantage point, we see something very different.
The AI chip maker reported revenue of $57 billion, beating Wall Street’s estimates of $55 billion. In its all-important data center unit, revenue was $51 billion versus estimates of $49.31 billion. Earnings-per-share clocked in at $1.30 compared to estimates of $1.26. The firm also topped fourth-quarter sales forecasts, projecting $65.0 billion in revenue compared to estimates of $61.98 billion.
Scroll on for the full play-by-play from Nvidia’s earnings call:
