Nvidia reports a 78% year-on-year revenue increase to $39.33 billion in Q4, driven by high demand for AI products, with data centre business contributing 91% of total revenue.
Nvidia's fourth-quarter earnings exceeded Wall Street forecasts, driven by strong demand for its AI chips, with significant growth in data centre revenue and a positive outlook for the first quarter of 2025.
Nvidia reports unprecedented fiscal fourth-quarter earnings, driven by soaring demand for its AI technology, with significant revenue and net income growth.
Nvidia faced its worst trading day since March 2020, with shares dropping nearly 17% following the release of DeepSeek's cost-effective AI model, sparking a significant market sell-off and raising questions about the future of AI infrastructure spending.
Nvidia's shares fell sharply in premarket trading after Chinese startup DeepSeek launched a competitive AI model, raising concerns over US tech firms' competitiveness and causing a broader tech stock sell-off.
Nvidia has reported impressive third-quarter earnings, surpassing market expectations primarily due to the strong performance of its AI chip segment. The company credits substantial demand for its latest chip, Blackwell, and a significant year-on-year growth in its Data Center segment. Despite these positive financial results, Nvidia faces potential geopolitical risks and market concerns over the sustainability of its growth, along with noted shifts in investor positions.