'Artificial Intelligence (AI) leader' Nvidia posted surprise earnings that exceeded market expectations in the fourth quarter of last year (November last year to January this year).


On the 21st (local time), Nvidia announced that its revenue for the fourth quarter of last year increased by 265% year-on-year to $22.1 billion.


Net profit rose 769% year-on-year to $12.3 billion. Adjusted earnings per share (EPS) were recorded at $5.16.


This significantly surpassed market expectations. The market had anticipated Nvidia's revenue to be $20.4 billion and adjusted EPS to be $4.59.


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Following the Q4 earnings surprise announcement, Nvidia's shares surged 6.7% in after-hours trading.


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