The news: Nvidia’s latest earnings showed revenues climbing 114% YoY to a record $130.5 billion.
Q4 revenues surged 78% YoY to $39.3 billion, surpassing analyst expectations, per CNBC. And data center revenues rose to $35.6 billion, up 93% YoY.
Despite beating expectations, Nvidia’s stock remains down 17% from January, reflecting concerns over AI’s cost efficiency.