Nvidia Reports $68.1B Q4 on AI-Fueled Data Center Surge, Stock Plunges Over 8%
Nvidia reported record revenue of $68.1 billion, up 73% year-over-year, driven by Data Center sales of $62.3 billion from surging AI chip demand. Shares plunged over 8% after earnings, erasing hundreds of billions in market cap and drawing Michael Burry’s comparison to Cisco’s dot-com collapse.
1. Q4 Financial Results
Nvidia reported record revenue of $68.1 billion for the quarter, marking a 73% year-over-year increase. Explosive Data Center sales reached $62.3 billion, driven by surging AI chip demand and the strong initial ramp of the Blackwell architecture.
2. Stock Market Reaction
Shares of Nvidia plunged 8.5% on February 26 and a further 5.46% on February 27, erasing hundreds of billions in market capitalization. The stock traded in a 52-week range of $86.63 to $212.19 and hovered around $185 to $187 per share post-earnings.
3. Expert and Retail Commentary
Prominent investor Michael Burry likened Nvidia’s purchase obligations to those that led to Cisco’s dot-com bubble collapse. Some retail traders voiced frustration over the market’s lukewarm response despite record results.