On Wednesday, semiconductor chip giant Nvidia reported strong earnings and revenues for its fourth quarter ended Jan. 31. Revenues for the quarter were up 78% to $39.33 billion from the year ago quarter. Net income growth was also impressive, $22.09 billion or 89 cents a share, against $12.29 billion or 49 cents a share, year on year. That is an earnings per share growth rate exceeding 70%. The company raised guidance for the current quarter. 

Jensen Huang, Nvidia’s CEO, said demand for Blackwell, the company’s newest semiconductor platform, is “amazing.” Huang added, “We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter.”