In its fiscal fourth quarter, Nvidia delivered record revenue of $57.0 billion, topping consensus estimates by more than $2 billion and representing a 62.5% year-over-year increase. The company reported earnings per share of $1.30, beating analyst forecasts by $0.07 and delivering a net margin exceeding 50%. Growth was driven by the data-center segment, which accounted for over 75% of total revenue, underscoring Nvidia’s dominance in supplying GPUs for AI training and inference workloads.

Nvidia CEO Jensen Huang publicly dismissed a Wall Street Journal report suggesting the company would scale back its up-to-$100 billion investment in OpenAI as “nonsense.” Huang reiterated that the partnership remains central to Nvidia’s roadmap, emphasizing that the original letter of intent—covering deployment of at least 10 gigawatts of computing infrastructure—is nonbinding but under active negotiation. He confirmed Nvidia will “definitely participate” in OpenAI’s next funding round and plans to invest a “great deal of money,” citing confidence in OpenAI’s “incredible” technology and long-term prospects.

At a recent industry event, Jensen Huang declared that Nvidia has reached a “ChatGPT moment” for physical AI, positioning the company to capture a slice of a projected $13.6 trillion addressable market spanning autonomous machines, robotics and edge computing. He highlighted ramping demand from hyperscale data centers alongside nascent applications in automated vehicles and industrial systems. Management has signaled plans to expand manufacturing capacity and R&D spending to support multi-year growth at projected annual rates above 50%.

Recent SEC filings show Exencial Wealth Advisors increased its Nvidia stake by 1.8% to 271,548 shares, while State Street and Geode Capital each added over 1% more shares, pushing institutional ownership beyond 65%. At the same time, insider selling accounted for less than 0.1% of total outstanding shares over the last quarter, with key executives retaining the vast majority of their positions. This alignment between management and major funds underscores broad confidence in Nvidia’s long-term AI leadership.