Nvidia CFO Colette Kress said gross margins are expected to be in the "low 70s" as Blackwell production ramps up before improving later in the year.

While Nvidia delivered a surge in quarterly revenue, it said first-quarter margin would tighten as it ramps production of its new flagship AI chips.

Wall Street's main indexes looked set for a higher open on Thursday as AI bellwether Nvidia's upbeat forecast soothed concerns of cooling demand in the industry, though a jump in weekly jobless claims kept a check on gains.

Nvidia's highly anticipated fiscal fourth quarter earnings are nearly here. The report is expected to be released at approximately 4:20 p.m. Eastern time today, according to the company. Nvidia will also host a conference call at 5 p.

For the full 2025 fiscal year, Nvidia generated total revenue of $130.5 billion, an increase of 114% compared to the prior year. The company also reported net income of $72.9 bill

Nvidia's quarterly outlook on Wednesday suggested demand from Microsoft , Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry.