According to TechFlow, Reuters reported that NVIDIA's recent financial report showed that Nvidia's fourth-quarter revenue was US$22.1 billion, exceeding the expected US$20.62 billion and a year-on-year increase of 265%.
Sales in the data center unit grew 409% to $18.4 billion in the fiscal fourth quarter, topping estimates of $16.8 billion. Data center revenue grew nearly 280% in the previous quarter.
Q4 net profit was $12.285 billion, higher than the market expectation of $10.34 billion.
Nvidia Corp NVDA.O on Wednesday forecast a roughly threefold increase in quarterly revenue, easily beating estimates as the company banked on huge demand for its industry-leading artificial intelligence chips, sending its shares up 10 percent after hours.