Nvidia releases fourth quarter results and beats expectations

Nvidia, the artificial intelligence-focused tech giant, released its fourth-quarter results after the market closed on Wednesday, beating analysts' expectations on all fronts.

Outstanding financial results and Q1 outlook

Nvidia $NVDA reported earnings per share (EPS) of $0.89 on revenue of $39.3 billion in the quarter. Wall Street was expecting earnings per share of $0.84 on revenue of $38.2 billion. The company also said it expects first-quarter revenue of $43 billion plus or minus 2%, better than the $42.3 billion expected.

The biggest revenue came from data centers, where Nvidia reported revenue of $35.6 billion, which was better than the expected $34 billion. CEO Jensen Huang said the company was able to successfully ramp up mass production of Blackwell supercomputers, driving billions in revenue in the first quarter.

Issues with chips for the gaming segment and competition in AI

On the other hand, the gaming segment posted an 11% decline compared to last year due to supply issues with…