Nvidia exceeds expectations and advances decisively on Wall Street.
Revenue in the fourth quarter of the fiscal year more than tripled to $22.1 billion, above market forecasts.
The profit was also better than expected - 12.29 billion compared to 1.41 billion in the same period of the previous year - and the forecasts for the first three months of the year, when revenues of 24 billion are estimated.
Noting an increase in demand for chips globally with the boom in artificial intelligence, Nvidia however highlights that "sales in China fell significantly in the fourth quarter" following American policies.
Despite this, the outlook offered by the company is rosy and seems to justify the run of stocks on Wall Street, where since the beginning of the year alone they have risen by 35%, causing the market capitalization to soar to 1,670 billion, one step away from the 2,000 billion.
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.
Co-founded in 1993 by current CEO Jensen Huang, Nvidia has transformed over the last three years from a company focused on the production of chips for video games to a point of reference for artificial intelligence.
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