AI pushes Nvidia, quarterly results above expectations. Revenue in the fourth quarter of the fiscal year more than tripled to $22.1 billion.
The profit was also better than expected - 12.29 billion compared to 1.41 billion in the same period of the previous year. Nvidia has so far been the biggest beneficiary of the artificial intelligence boom, with giants like Google, Microsoft and Apple betting heavily on the sector and increasingly needing its hardware.. Amazon, Meta, Microsoft. and Google are Nvidia's largest customers, accounting for 40% of its revenues.