Nvidia shares climbed 2.9% to a session high Thursday after the chipmaker reported $68 billion in fourth-quarter revenue. The company's data center business, a key growth driver, surged 73% from a year earlier.
Revenue and Data Center Strength
The $68 billion in Q4 revenue marks another strong quarter for Nvidia, with the data center segment leading the charge. That 73% jump in data center revenue reflects sustained demand for the company's chips, which power everything from cloud computing to AI workloads. While Nvidia didn't break out exact figures for other segments, the data center business has become the dominant contributor to its top line in recent years.
Stock Reaction
The 2.9% gain pushed Nvidia's stock to a session high, a clear sign that investors liked what they saw in the earnings report. The move came after the company released its quarterly results, which showed revenue well above the $60 billion mark. Nvidia's stock has been on a tear over the past year, driven by the AI boom, and Thursday's jump added to those gains.
Investors will now turn their attention to the company's next quarterly report, due out in the coming months. The data center segment's growth rate will be a key metric to watch, as any slowdown could temper enthusiasm. For now, the strong Q4 numbers have kept the momentum going, with the stock hitting a fresh session high on the day.
