Nvidia, the AI sector's bellwether, has once again surpassed Wall Street expectations. The company reported fourth-quarter revenue of $68.1 billion, a 73% year-over-year increase, driven by robust demand for its AI chips.
This performance has sent shares up nearly 3% in after-hours trading. Nvidia's outlook for the first quarter is equally strong, with projected revenue around $78 billion, exceeding analyst forecasts and setting the stage for continued AI-driven expansion. The company's Data Center revenue hit a record $62.3 billion, up 75% from the previous year, fueled by accelerated computing and AI platforms. Following Nvidia's positive report, Bitcoin held steady around $69,500, and AI-focused crypto tokens like Bittensor (TAO) and Internet Computer (ICP) saw increased gains. Crypto miners also experienced modest upticks.