Nvidia reports fourth-quarter fiscal 2024 results, record $22.1 billion in revenue, up 265% year-over-year, and significant net profit growth。The increase was driven by strong demand for artificial intelligence (AI) chips, including the latest applications for generative AI chatbots.。CEO Huang Renxun said that accelerated computing and generative AI have reached a turning point, and demand continues to grow globally.。

In particular, Nvidia's data center revenue reached $18.4 billion, up 409% year-over-year, with large cloud computing providers accounting for a large proportion of the revenue.。This increase was primarily driven by increased shipments of NVIDIA Hopper GPUs for AI training and inference.。

Nvidia's outlook for the first quarter of fiscal 2025 is also very positive, with revenue expected to reach about $24 billion, higher than market expectations.。

Following the earnings announcement, Nvidia's shares rose sharply in after-hours trading, at one point up 10%。This positive performance and strong outlook has also had a positive impact on the entire tech industry, with shares of other tech companies related to AI and cloud computing also rising.。

Nvidia said it will continue to grow in the future, stressing that the upcoming major next-generation AI chip B100 will face high demand and supply shortages.。