Artificial intelligence chipmaker Nvidia on Wednesday announced another quarter of astounding quarterly growth as investors try to decipher whether technology’s latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity.
The results for the November-January period blew past the analyst projections that shape investors’ perceptions, as has been the case since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago.
Nvidia’s fiscal fourth-quarter surged 73% from the previous year to $68.1 billion while its profit nearly doubled to roughly $43 billion, or $1.76 per share.
The Santa Clara, California, company also provided a forecast exceeding analyst projections while its CEO Jensen Huang reinforced the demand for the company's chips is still “skyrocketing." That description feeds into Huang's thesis that the AI boom is still in the early stages of a buildout that will reshape society. If Nvidia hits its revenue target for the February-April period, it will translate into a 77% increase from last year — a sign that the company's already phenomenal growth rate is still accelerating.
Nvidia’s stock price rose by more than 2% in extended trading after the report came out.
The chipmaker has regularly cleared the bar set by analysts in the past three years, often by a wide margin, but that hasn’t always been enough to satisfy investors who have become increasingly skeptical about whether AI will live up to all the hype surrounding the technology.
After Nvidia delivered a stellar performance that far exceeded analyst forecasts in its last quarterly report, its stock price still fell by 3% during the next day’s trading.
The AI fervor has escalated again during the past month as the four companies leading the AI charge — Amazon, Microsoft, Google parent Alphabet and Facebook parent Meta Platforms — collectively made commitments to spend about $650 billion this year ramping up their AI computing power.
A significant amount of the money is expected to be earmarked to buy more Nvidia chips required to power their AI factories, just as has been the case for much of the past three years — as Nvidia's annual revenue soared from $27 billion to $216 billion. Analysts expect the chipmaker's revenue to surpass $330 billion during the company's next fiscal year.
“Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth,” Huang said.
Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Poetry Without Borders 2026 is an annual poetry contest for youth of all ages. It is being j… Read morePoetry Without Borders 2026
“Powerful, moving, and exhilarating” Read moreSongs For A New World
Exclusive film screening in San Mateo Read moreA LITTLE FELLOW: THE LEGACY OF A.P.GIANNINI
CA Is Burning said:
CA Is Burning said:
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.