Chip giant Nvidia reported its fourth quarter revenue jumped by 73% compared to the same period a year ago to $68.1bn (£50.2bn) - a record haul for the company.
The revenue figures beat analyst expectations and come amid a wave of investor scepticism towards the massive amounts of capital being spent on artificial intelligence (AI) technology.
"Computing demand is growing exponentially," boss Jensen Huang said. "Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth."
While providing chips for companies across the AI sector, in recent weeks Nvidia has also laid out plans to generate demand with new technologies of its own.
The company reported total annual revenue of $215.9bn for the past fiscal year, and has projected a rosy outlook for the months ahead.
