Nvidia's forecast points to faster growth as Vera Rubin enters market

Nvidia forecast about 77% year-over-year revenue growth to roughly $78 billion this quarter, and the company says it is ramping production of its new Vera Rubin rack-scale AI system.

Nvidia reported continued rapid revenue expansion and issued a forecast that exceeded analysts' estimates. The company said this quarter's year-over-year revenue would rise about 77% to roughly $78 billion. This marks the 11th straight quarter with revenue growth above 55%, and fourth-quarter revenue rose 73% year-over-year. Nvidia's data center business now accounts for over 91% of sales, and the company says it is ramping production of Vera Rubin, its next rack-scale AI system. Key facts: - Nvidia forecast about 77% year-over-year revenue growth to roughly $78 billion for the current quarter, a figure that exceeded the $72.6 billion average analyst estimate from LSEG. - This is the company's 11th straight quarter with revenue growth above 55%; fourth-quarter revenue rose 73%, following 62% in the prior period. - Nvidia's data center business now represents over 91% of its sales. - Vera Rubin is being ramped as the successor to Grace Blackwell and is described as a rack-scale AI system. - The company says the Rubin system contains 72 next-generation Rubin GPUs and that those GPUs are expected to deliver about 10 times more performance per watt versus predecessors. Summary: Nvidia's forecast and reported results indicate a reacceleration of revenue growth driven largely by data center demand. The company is ramping Vera Rubin production, which it says offers substantial efficiency gains per watt. Undetermined at this time.