Nvidia has a message for Wall Street: Relax, the AI train isn’t slowing down.
The world’s most valuable company by market cap reported its earnings for its fiscal fourth quarter on Wednesday, handily surpassing Wall Street forecasts.
“Enterprise adoption of agents is skyrocketing,” said Nvidia CEO Jensen Huang. “Our customers are racing to invest in AI compute.”
Nvidia reported $68.13 billion of revenue for the quarter, compared to estimates of $65.91 billion. Earnings per share were $1.62, beating the consensus forecast of $1.53. In its key data center unit, Nvidia reported revenue of $62.3 billion, higher than estimates of $60.36 billion.
Looking ahead, Nvidia breezed past first-quarter analyst forecasts. It sees revenue of $76.44 billion to $79.56 billion, a range well above the estimated $72.78 billion.
The results come at a sensitive time for the AI trade, and Huang looked to sooth Wall Street jitters by touting continued demand for AI compute and its Blackwell and forthcoming Rubin chip platform. CFO Colette Kress said the company shipped “our first Vera Rubin samples” to customers earlier this week.
“‘It’s really important to realize that inference equals revenues now for our customers,” Huang said on a call with analysts, emphasizing that AI was at an “inflection point.” OpenClaw got a shoutout too.
On the China front, Nvidia said it has yet to generate any revenue from its H-200 chips, which it hopes to sell in the region.
Huang also gave an update on Nvidia’s partnership agreement talks with OpenAI, saying he believed they were “close” to being finalized.
Asked about the concept of data centers in space, an idea that Elon Musk is investing in, the Nvidia CEO said the economics “are poor today,” but will “improve over time.”
Nvidia stock rose about 3% in after-hours trading following the earnings release, though it pared some of those post-market gains as the earnings call progressed.
Scroll on for the play-by-play from Nvidia’s Q&A with analysts:
