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November-January period blew past the analyst projections that shape investors’ perceptions, as has been the case since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago.Nvidia’s fiscal fourth-quarter revenue surged 73% from the previous year to $68.1 billion while its profit nearly doubled to roughly $43 billion, or $1.76 per share.“No quarter has had more riding on it than this one,” said Jake Behan, head of capital markets for the investment firm Direxion. “The AI trade needed some positive news and Nvidia’s earnings report brought plenty of it.”The Santa Clara, California, company also provided a forecast exceeding analyst projections while its CEO Jensen Huang reinforced the demand for the company's chips is still “skyrocketing." That description feeds into Huang's thesis that the AI boom is still in the early stages of a buildout that will reshape society. If Nvidia hits its revenue target for the February-April period, it will translate into a 77% increase from last year — a sign that the company's already phenomenal growth rate is still accelerating.“AI is here, AI is not going to go back,” Huang said during a conference call with analysts. “AI is only going to only get better from here.”Despite the stellar results and still-rosy outlook, many investors still evidently are worried about a jarring comedown after a three-year boom that has seen Nvidia's market value soar from $400 billion at the end of 2022 to nearly $4.8 trillion now. After initially rising 4% in extended trading after the latest quarterly numbers came out, Nvidia's stock price backtracked and was slightly down following Huang's upbeat conference call.Nvidia has regularly cleared the bar set by analysts in the past three years, often by a wide margin, but that hasn’t always been enough to satisfy investors who have become increasingly skeptical about whether AI will justify the trillions of dollars that are being spent to develop the technology.After Nvidia delivered a stellar performance that far exceeded analyst forecasts in its last quarterly report, its stock price still fell by 3% during the next day’s trading.The AI fervor has escalated again during the past month as the four companies leading the AI charge — Amazon, Microsoft, Google parent Alphabet and Facebook parent Meta Platforms — collectively made commitments to spend about $650 billion this year ramping up their AI computing power.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,956.25 -3.50 (-0.05%)Dow Futures49,508.00 -26.00 (-0.05%)Nasdaq Futures25,359.50 -22.50 (-0.09%)Russell 2000 Futures2,673.00 +5.30 (+0.20%)VIX17.98 +0.05 (+0.28%)Gold5,182.30 -43.90 (-0.84%)Trending tickersNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)BTC-USD Bitcoin USD 68,037.12 +2,616.04 (+4.00%)IONQ IonQ, Inc. 33.59 +1.97 (+6.23%)TTD The Trade Desk, Inc. 25.16 +0.22 (+0.88%)BIDU Baidu, Inc. 132.65 -0.98 (-0.73%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 46.51 +13.04 (+38.96%)CRCL Circle Internet Group 83.14 +21.77 (+35.47%)CAVA CAVA Group, Inc. 85.67 +17.87 (+26.36%)CCC CCC Intelligent Solutions Holdings Inc. 6.34 +1.28 (+25.30%)ECG Everus Construction Group, Inc. 130.10 +25.89 (+24.84%)Top losersIBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)LUNR Intuitive Machines, Inc. 15.89 -3.01 (-15.93%)DEO Diageo plc 86.15 -15.99 (-15.66%)GDDY GoDaddy Inc. 79.12 -13.18 (-14.28%)FSLR First Solar, Inc. 210.12 -33.09 (-13.61%)Most activeNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)IBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)INTC Intel Corporation 46.88 +0.76 (+1.65%)ONDS Ondas Inc. 10.30 -0.10 (-0.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events