Nvidia Corp.'s sales soared to $22.1 billion for the quarter, marking a 265% increase from the previous year.

The company's net income reached $12.3 billion, a 769% surge in year-over-year profits.

Earnings per share of $5.16 exceeded analyst predictions, reflecting Nvidia's strong quarterly performance.

Data Center division and generative AI were key drivers of a 22% revenue bump and a 400% data center revenue increase.

Nvidia plans to launch the B100 chip in 2024, aiming to sustain growth and capitalize on the shift to accelerated computing.

Nvidia's market capitalization has risen sharply, at times outstripping Google and Amazon, positioning it as the world's most valuable chipmaker.

Anticipated revenue for the first quarter of fiscal 2025 is $24 billion, signaling robust future growth prospects.

Despite facing competition and export limitations, Nvidia is expanding its AI tech reach through new partnerships and channels.