Nvidia Reports Strong Earnings, But Growth Rate Slows as Company Expands

Nvidia surpassed Wall Street forecasts for fourth-quarter earnings, reporting higher-than-expected revenue and adjusted earnings per share. The chipmaker projected first-quarter revenue above analyst expectations with a slight margin of variability. The forecast indicates strong annual growth, though at a slower pace compared to the previous year's surge. Gross margin declined due to the higher complexity and cost of newer data center products. Nvidia’s revenue continues to rise, driven by strong demand for its data center graphics processors, which dominate the AI accelerator market. Its growth rate is slowing as the company expands.