Nvidia beat expectations on quarterly revenue and earnings Wednesday afternoon as investors watch closely for clues on how the company is weathering the emergence of a powerful new Chinese AI model. Why it matters: Nvidia has become a proxy for the health of the AI economy.

NVIDIA (NVDA) has published its earnings report for the latest quarter, providing investors and spectators all the details about the last few months of its business. In the report, we see that NVIDIA beat on earnings and revenue expectations.

Leading designer of graphics chips Nvidia (NASDAQ:NVDA) reported in Q4 CY2024, with sales up 77.9% year on year to $39.33 billion. Guidance for next quarter’s revenue was optimistic at $43 billion at the midpoint,