Nvidia's latest quarter blew past forecasts and its growth outlook is far stronger than Wall Street expected — very good news for AI investors, and another sign the AI buildout is still accelerating.

• Profit more than doubled from a year ago, and the stock rose in after-hours trading.
• Nvidia expects revenue to grow 70% in its 2028 fiscal year, well above the 44% analysts had penciled in.
• Data centers now bring in almost all the money, with sales more than doubling from last year; cloud and enterprise AI customers were the fastest-growing group.
• Jensen Huang says AI has hit a turning point — a year ago one lab was driving the buildout, now many labs and startups are scaling at once.
• The weak spot is cost: a global memory shortage and pricier chip wafers will squeeze profit margins over the next few quarters.

Outlook: Nvidia guided to another big jump in sales next quarter even without China data center revenue, so the main thing to watch is whether rising supply costs start eating into profits.