On February 22, Beijing time, Nvidia released its fourth quarter financial report for the 2024 fiscal year. According to data, the company achieved a revenue of $22.1 billion in the just concluded financial quarter, a year-on-year increase of 265%, and a net profit of $12.285 billion, a year-on-year increase of 769%. Both of these key indicators have significantly exceeded market expectations. Meanwhile, Nvidia's annual revenue also reached a historic high of $60.9 billion, an increase of 126%.
NVIDIA CEO Huang Renxun said in a statement after the financial report, "Accelerating computing and generative artificial intelligence have reached a critical point. The demand for this is skyrocketing among companies, industries, and countries worldwide."