Video, AI and self-driving-car chipmaker Nvidia saw its share price surge more than 10% in after-hours trading on Thursday following record fourth-quarter results.
Revenue for Q4 was $2.91bn, up 34% from $2.17bn the previous year, and up 10% from $2.64bn in the previous quarter.
Revenue for the full financial year was a record $9.71bn, up 41% from $6.91bn the previous year, while earnings per share were a record $4.82, up 88% from $2.57.
Net profit was $1.1bn for Q4, up 71% year on year, and $3.2bn for the full year – an increase of 83%.
“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of NVIDIA.