NVDA stock rose after hours as Nvidia's earnings results beat estimates. Blackwell chips brought in $11 billion for Nvidia, who said demand is strong.

AI bellwether Nvidia Corp. (NVDA) delivered a strong performance in the fourth quarter, surpassing Wall Street expectations as its flagship Blackwell chips began contributing to the company’s top and bottom lines.

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

While Nvidia delivered a surge in quarterly revenue, it said first-quarter margin would tighten as it ramps production of its new flagship AI chips.

Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry.