Nvidia's outlook for gross margin in the current quarter was slightly lower than expected, though, as the company's Blackwell chip rampup weighs on Nvidia's profit. Nvidia forecast first-quarter gross margins will sink to 71%, below the 72.2% forecast by Wall Street, according to data compiled by LSEG.

The hardest thing about being Nvidia these days is living up to the recent past. Nvidia’s fiscal fourth-quarter report late Wednesday continued the AI titan’s string of impressive results. Blowout spending on generative artificial intelligence continues to drive the company once primarily known for its PC gaming chips.

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