AI demand remains strong! NVIDIA's Q4 revenue increased by 73%, Q1 guidance "exploded" to a record high, Jensen Huang raised the revenue forecast to 500 billion | Earnings report insights

In Q4, NVIDIA's total revenue and data center revenue both hit record highs; thanks to the ramp-up of Blackwell, gross margin exceeded 75%, reaching a year-and-a-half high; data center revenue accelerated to a 75% year-on-year growth, exceeding expectations, with network revenue increasing by over 260%; gaming revenue fell short of expectations, declining 13% quarter-on-quarter due to channel inventory impacts. NVIDIA expects supply constraints to become a headwind for business in Q1 and beyond; the midpoint of Q1 revenue guidance is 4% higher than the most optimistic expectations from buyers, with a nearly 77% year-on-year increase, excluding revenue from data center computing in China; starting from Q1, non-GAAP will include stock-based compensation. Jensen Huang stated that the surge in computing demand and the soaring of agent applications will exceed the previously set target of $500 billion in chip revenue, while the current space data center economy is still "barren." NVIDIA's stock rose nearly 4% in after-hours trading