After a slower than expected start, the trade war between the US and China has begun to heat up, with President Donald Trump announcing a dizzying series of actions against China in the past seven days — and more to come over the next month.

The company's forecast helps allay doubts around a slowdown in spending on its hardware. Revenue for the fourth quarter grew 78% to $39.3 billion, beating estimates.

The hardest thing about being Nvidia these days is living up to the recent past. Nvidia’s fiscal fourth-quarter report late Wednesday continued the AI titan’s string of impressive results. Blowout spending on generative artificial intelligence continues to drive the company once primarily known for its PC gaming chips.

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