Nvidia's forecast points to accelerating growth, as Vera Rubin starts hitting market

In its earnings report, Nvidia gave guidance for the first quarter that sailed past estimates, with growth projected to reach its fastest in a year.

Nvidia just reported its 11th straight quarter of revenue growth above 55% as the leading tech names keep snapping up the company's AI chips. Already the world's most valuable public company, growth is now reaccelerating.In its earnings report Wednesday, Nvidia said year-over-year revenue will surge about 77% this quarter to roughly $78 billion. That would mark the fastest growth rate for any period since the quarter ending January 2025, when expansion came in slightly higher at 78%. Its forecast sailed past the $72.6 billion average analyst estimate, according to LSEG.

Revenue in the fourth quarter jumped 73%, also topping estimates, following expansion of 62% in the prior period. The data center business, home to Nvidia's AI graphics processing units, now accounts for over 91% of sales.

The chipmaker's optimistic outlook comes as the company ramps production of Vera Rubin, its next rack-scale system for AI that will succeed Grace Blackwell. Nvidia says the system's 72 next-generation Rubin graphics processing units (GPUs) are expected to deliver 10 times more performance per watt, compared to their predecessors.