Nvidia shares pop on Q4 earnings, generative AI "hits tipping point"

Nvidia's stock popped after hours following its latest earnings report, which showed the AI boom is still booming.

By the numbers: Revenue from the chip maker's data center unit, which fuels AI efforts for thousands of organizations, reached $18.4 billion in its fourth quarter compared to analyst expectations of about $17.1 billion and up about 409% from $3.6 billion last year in the same period.

Total revenue for the fourth quarter was $22.1 billion, up 22% from the previous quarter and up 265% from a year ago.

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