### Nvidia Shatters Revenue Records with $39.3 Billion in Quarterly Earnings
Nvidia, the leading manufacturer of Artificial Intelligence (AI) chips, has announced an impressive quarterly revenue of $39.3 billion, marking a remarkable 78% increase compared to the previous year. This surge is fueled by the rising demand for AI chips and a competitive race among various countries to establish dominance in the AI sector. The growth in this industry has also positively impacted AI coins in the cryptocurrency market.
### Nvidia Nets Better-Than-Expected Earnings
In its Q4 2024 financial report, Nvidia showcased a significant rise in investments throughout the year. The standout achievement was the 78% annual revenue increase to $39.3 billion, alongside a 12% growth from Q3 2024. The Data Center segment reported revenues of $35.6 billion, reflecting a 93% increase, while total revenues for the year soared by 114% to reach $130.5 billion. Jensen Huang, Nvidia’s CEO, credited this success to several factors, including the high demand for Blackwell AI supercomputers, which streamline training processes and enhance outcomes. Last year, Nvidia’s growth outpaced that of major firms in the financial markets, driven by the AI frenzy. “We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries,” Huang stated.
Additionally, Nvidia announced its role as a tech partner for the $500 billion Stargate Project and collaborated with AWS for the NVIDIA DGX Cloud AI platform. The company’s automotive revenue also saw a notable increase of 27%, reaching $570 million. Notably, Toyota will utilize the NVIDIA DRIVE AGX ORIN platform for its next-generation vehicles. “We’ve partnered with Hyundai Motor Group to create safer, smarter vehicles, enhance manufacturing, and deploy cutting-edge robotics with NVIDIA AI and NVIDIA Omniverse. We also announced that the NVIDIA DriveOS safe autonomous driving operating system received ASIL-D functional safety certification and launched the NVIDIA DRIVE AI Systems Inspection Lab,” the statement elaborated.
### The State of AI Coins
Last year, AI coins experienced a significant rise alongside the broader cryptocurrency market, benefiting from strong buying momentum. This surge was driven by increasing interest in AI from both institutional and retail investors. Despite a general market dip, AI coins have seen a 1.5% increase, with several assets gaining traction following Nvidia’s positive earnings report. Near Protocol rose by 3.2%, reducing its weekly losses, while Internet Computer and Render saw increases of 3.9% and 4.7%, respectively. Although an upward breakout seems possible, bearish sentiments surrounding top coins pose a risk to these gains.
