The company saw its quarterly revenue surge more than 50 percent for the second straight quarter.
The reason appears to be the use of its GPUs in self-driving systems and artificial intelligence.
The company predicted it would make $1.90 billion, plus or minus 2 percent, for the current quarter. This is a bit higher than the $1.88 billion Wall Street thought.
Revenue in the company’s graphics processing units’ business, which contributes more than three-quarters to its total revenue, rose 57 percent to $1.85 billion in the fourth quarter.
But the good numbers appeared to have come from its cloud services which more than tripled to $296 million in the quarter.
Nvidia Chief Financial Officer Colette Kress said the company’s cloud business was expected to grow like topsy.
Nvidia’s automotive business, which produces the DRIVE PX 2 self-driving system used by Tesla saw a 37.6 percent rise to $128 million.
Analysts had expected revenue of $135.3 million from the business. Nvidia’s total revenue rose to $2.17 billion from $1.40 billion, beating the average analyst estimate of $2.11 billion.