The Santa Clara, Calif.-based firm reported net income of US$22.1 billion on revenue of US$39.3 billion in its fourth quarter ending Jan. 26, up 80 per cent and 78 per cent respectively year over year. The chipmaker, which also flagged a three percentage point fall in its gross profit margin, expects to make US$43 billion in first-quarter revenue. (The Logic)
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The Santa Clara, Calif.-based firm reported net income of US$22.1 billion on revenue of US$39.3 billion in its fourth quarter ending Jan. 26, up 80 per cent and 78 per cent respectively year over year. The chipmaker, which also flagged a three percentage point fall in its gross profit margin, expects to make US$43 billion in first-quarter revenue. (The Logic)
Talking point: Demand for chips from companies training and adopting AI models has driven Nvidia’s sales and stock surge. On an earnings call Wednesday, executives said orders for its next-generation Blackwell product are surging, with CFO Colette Kress crediting the orders for US$11 billion in fourth-quarter revenue. Despite the growing popularity of less compute-intensive technology from the likes of DeepSeek, Nvidia CEO Jensen Huang said the firm expects to benefit from a huge build-out of AI infrastructure. Still, the stock dropped as much as 6.6 per cent in Thursday trading.
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