In its fourth fiscal quarter ending last month, Nvidia reported $39.3 billion in revenue, $0.89 adjusted earnings per share and $22.1 billion of net income. Consensus analyst estimates called for Nvidia to report $38.1 billion in revenue and $0.85 adjusted earnings per share ($19.6 billion net income), according to FactSet data.

Nvidia forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative artificial intelligence infrastructure.

Nvidia appears likely to meet fiscal 4Q revenue guidance and raise 1Q’s outlook amid a significant ramp up in its Blackwell GPUs, having overcome supply-chain delays and concern about hyperscaler demand in the wake of DeepSeek,