Nvidia Stock Surges on AI-Driven Earnings Beat, Validating Continued Growth
Nvidia's stock jumped approximately 5% in after-hours trading following an earnings report that surpassed analyst expectations. The AI chip giant reported revenue of $57 billion, exceeding the projected $55 billion, with earnings per share coming in at $1.30. Data-center revenue, a critical metric, reached $51.2 billion—a 66% year-over-year increase—underscoring sustained demand for AI infrastructure.
Wedbush analyst Daniel Ives hailed the results as a decisive validation of the AI boom. Nvidia's forward guidance of $65 billion in January-quarter revenue further solidified optimism, topping estimates by over $3 billion. The performance signals that skepticism around an AI slowdown may be premature.