It’s well-known that NVIDIA is a cornerstone of the AI boom, but its financial results released on February 26 illustrate exactly how much the company has prospered. NVIDIA saw a 78% year-over-year increase in quarterly revenue, reaching a record $39.3 billion. Quarter-over-quarter, NVIDIA’s revenue grew 12%.

Nvidia CEO Jensen Huang is getting more optimistic about the prospects for the company’s top-end Blackwell AI server system, the GB200 NVL72. “I’m more enthusiastic today than I was at CES,” Huang said when an analyst asked about the NVL72 on the earnings conference call.

Huang co-founded Nvidia in 1993 and has been its CEO and president since then. The price of the shares has skyrocketed 1,844% in the past five years. Its market cap is $3.22 billion, which puts it second to Apple ($3.26 billion). Huang owns almost 4% of Nvidia’s shares.

Nvidia’s latest generation Blackwell GPU sales are off to a good start. “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,

Nvidia forecast higher first-quarter revenue on Wednesday, signaling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month,