Author: Stephen Katte, CoinTelegraph; Compiled by: Wuzhu, Golden Finance

The latest financial report of chip manufacturing giant Nvidia exceeded Wall Street expectations, and thanks to the sales of artificial intelligence-centric microchips, revenue increased by nearly 80% year-on-year.

Nvidia announced in its fiscal year 2025 and fourth quarter financial reports ending January 26, with revenue for the quarter reaching January 26, up 12% from the previous quarter and 78% from the same period last year.

Zacks Investment Research said Wall Street expects revenue to be just $37.72 billion and earnings per share to be 89 cents, higher than expected 84 cents.

NVIDIA founder and CEO Jensen Huang said on the earnings call that earnings growth is due to the “stunning” demand for its microchip Blackwell, designed for artificial intelligence, machine learning and high-performance computing.

“Artificial intelligence is developing at the speed of light, as agent AI and physical AI lay the foundation for the next wave of AI revolutions to revolutionize the biggest industries.”

Nvidia’s data center revenue accounts for more than 90% of the company’s total revenue, reaching $35.6 billion, a 93% increase over the same period last year.

Nvidia Corp (NVDA) shares closed up 3.67% to $131.28 on February 26, according to Google Finance.

NVDA shares fell 1.49% after the session to $129.32. Source: Google Finance

The stock remains below its all-time high of over $147 set in November last year.

At the end of last month, on January 27, Nvidia's stock price closed down nearly 17%, the biggest single-day drop in U.S. stock market history, with its market value evaporating nearly $600 billion amid investor panic, after AI company DeepSeek released a model that is said to be comparable to OpenAI's ChatGPT.

Huang Renxun had previously stated that as technology competition becomes increasingly fierce, his company is focused on being at the forefront of agent AI.

Other US companies have also begun to increase their efforts to expand AI. Microsoft said in September it will build two AI hubs in Abu Dhabi, one of the important AI investments throughout 2024.

At the same time, Bitcoin mining companies have been diversifying their revenue sources, including artificial intelligence, to convert some of their crypto mining operations into helpingA large, row-computing-intensive language model.

In August, asset management company VanEck estimated that if listed Bitcoin mining companies transfer 20% of their energy capacity to artificial intelligence and high-performance computing by 2027, they could add an additional $13.9 billion in profits per year over 13 years.

According to a Jan. 27 report by research firm 10x Research, the decline in Nvidia's valuation is considered a "good development" for Bitcoin.

The company said reducing spending on artificial intelligence could help ease inflation, which could lead to the Fed's introduction of a more favorable currency.