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Nvidia Q4 Results: Key Takeaways From Chipmaker's Fourth-Quarter Earnings Report

Nvidia projected and delivered revenue that was better than Wall Street’s estimates.

<div class="paragraphs"><p>The Nvidia headquarters in Santa Clara, California. (Photographer: David Paul Morris/Bloomberg)</p></div>
The Nvidia headquarters in Santa Clara, California. (Photographer: David Paul Morris/Bloomberg)

Nvidia Q4 Earnings Call: Here are the key takeaways from Nvidia Corp.’s fourth-quarter earnings report on Wednesday:

  • Nvidia projected and delivered revenue that was better than Wall Street’s estimates.

  • Still, the degree of that outperformance was less than it has been for a couple of years, and the stock bounced between modest gains and losses in after-hours trading.

  • The new Blackwell product’s supply-chain problems are over and it’s bringing in more revenue than the company had expected.

  • Gross margins are narrower because of the cost of rushing out new products, but profitability will rebound in the second half of 2025, Nvidia said.

  • A new way of perfecting AI models — exemplified by the efforts of Chinese startup DeepSeek — will stoke more demand for computing and Nvidia’s chips, CEO Jensen Huang said.

  • It’s too early to say what the impacts of US government tariffs might be.

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