Chipmaker Nvidia reported stronger-than-expected results for the January quarter on Wednesday. The company also projected current-quarter revenue above market estimates, fueled by strong spending on artificial-intelligence processors by Big Tech companies. The company posted sales of $68.13 billion for the quarter, up 94% from a year ago, exceeding analysts' estimate of $66.21 billion. Adjusted earnings came in at $1.62 per share, above the expected $1.53 per share. For the current fiscal first quarter, Nvidia forecasts sales of $78 billion, compared with the analysts' average estimate of $72.6 billion. CEO Jensen Huang said that Al-generated output will form the foundation of future computing and the company will continue to invest in infrastructure to support this growth. CFO Colette Kress added that the company plans to reinvest its projected $100 billion cash flow this year into developing the Al ecosystem rather than returning it to shareholders, according to Reuters.