Nvidia smashes expectations yet again, posts record $130.5 billion in revenue for the year

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. (Credit: An Rong Xu—Bloomberg/Getty Images)

• Nvidia has managed to exceed lofty expectations yet again, with the chip behemoth’s fourth-quarter results beating Wall Street’s forecasts as management also offered bullish guidance. Nvidia earnings are a bellwether for the entire gen AI trade. 

Tech juggernaut Nvidia continued its winning streak on Wednesday, posting record quarterly revenue of $39.3 billion, up 12% from last quarter and 78% from a year ago, compared with Wall Street’s projection of $38.3 billion. Sales for the year came in at $130.5 billion, up 114% from the previous year.