Nvidia reported Q4 revenue of $39.33 billion, up 78% year over year and 12% higher than revenue generated in the previous quarter. This result topped the company's previous guidance of $37.5 billion. It also exceeded the average estimate of $38.05 billion among analysts surveyed by LSEG.

Nvidia Corporation's AI dominance expands as sovereign AI, automation, and efficiency trends emerge. Check out my NVDA stock Q4 update.

Nvidia shares moved higher in early Thursday trading following a solid set of quarterly earnings that both underscored its dominance in the AI investment thesis and raised questions over the impact of ramping production of its top-of-the-line processors.