Looking at NVIDIA's earnings report and conference call, I can only say it's even more optimistic than the most optimistic expectations: - Q4 total revenue and data center revenue both hit record highs; - Gross margin surpassed 75%, reaching a new 1.5-year high; - Data center revenue exceeded expectations, accelerating year-over-year growth by 75%; - Q1 revenue guidance midpoint is 4% higher than the most optimistic buy-side expectations, up nearly 77% year-over-year, and this doesn't even include revenue from China; - Jensen Huang emphasized the surge in computing demand and skyrocketing AI applications during the call, while the CFO mentioned that the revenue opportunity far exceeds the previously set $500 billion chip revenue target. Curiously, no analysts asked about TPU or custom chip competition this time.