Nvidia has reported quarterly earnings that shattered Wall Street expectations, with revenue tripling year-over-year to $22 billion as demand for AI computing chips far exceeds supply. The company raised its guidance for the coming quarter, projecting continued explosive growth.

The results underscore Nvidia's central position in the AI revolution, as its GPUs have become essential infrastructure for training and running large language models. Major technology companies and cloud providers are spending billions to secure supply of Nvidia's latest chips.

CEO Jensen Huang said the company is in the early stages of a multi-year cycle. "The data center is being reinvented, and we're at the center of that transformation."