Nvidia reported excellent fourth-quarter financial results, beating expectations on the top and bottom lines. Revenue increased 78% to $39.3 billion on particularly strong growth in data center sales, and non-GAAP net income increased 71% to $0.89 per diluted share. The company also provided first-quarter guidance that exceeded estimates.

Nvidia reported its fourth-quarter results after Wednesday's closing bell. Investors and analysts have focused on early sales of the company's new Blackwell line.

Nvidia's quarterly outlook on Wednesday suggested demand from Microsoft , Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry.