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Nvidia’s sales leap 78% as it starts ramping up next-generation Blackwell GPUs
- Nvidia reported a strong fourth-quarter with earnings of 89 cents per share and revenue of $39.33 billion, up 78% from a year ago.
- The company forecasts growth of about 65% in the current quarter, with expected sales of $43 billion.
- Nvidia's profitability improved, with a net profit of $22.09 billion in the last quarter.
- Despite a decline in gross margin to 73%, Nvidia's stock rose over 1% in extended trading.
- The company's success is tied to its next-generation GPU Blackwell, which accounted for over $11 billion in sales last quarter.
- The data center business unit, including Blackwell and Hopper AI chips, made up 91% of Nvidia's total revenue, rising almost tenfold in two years.
- Nvidia sees increasing demand for Blackwell chips primarily for AI inference, with data center revenue reaching $35.6 billion, exceeding expectations.
- Investors voiced concerns about competition from rivals in AI accelerators, but Nvidia remains optimistic about its market leadership.
- While some segments like networking equipment and gaming experienced declines, Nvidia's automotive chip sales doubled year-over-year to $570 million.
- Despite a 2% year-to-date stock decrease, Nvidia's stock gained momentum after the positive earnings report.
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