After NVIDIA released its financial report for the fourth quarter of fiscal year 2026, its after-hours trading in the US stock market initially rose and then fell. In this fiscal quarter, NVIDIA's total revenue reached $68.1 billion, with its data center business performing particularly well. For the first quarter of fiscal year 2027, NVIDIA provided an optimistic outlook. During the conference call, NVIDIA CEO Jensen Huang proposed the logic of 'computing power equals revenue' and pointed out that the industry is approaching an inflection point for agentic AI. In terms of products and technology, the production capacity of the Blackwell architecture is gradually increasing, and the 'Vera Rubin platform' is expected to enter mass production in the second half of 2026. Regarding ecological cooperation, NVIDIA is close to reaching a deep collaboration with OpenAI, has invested in Anthropic, and has established partnerships with companies like Meta. In terms of customer structure, NVIDIA has achieved revenue diversification, with non-hyperscale customers becoming the main driver of growth. On the supply chain front, despite supply constraints, NVIDIA has made long-term preparations through strategic initiatives. Huang also responded to hot market issues. Looking ahead, NVIDIA expects its quarterly revenue to grow sequentially in 2026 and emphasizes that agentic AI will be the core driving force. In the Chinese market, NVIDIA has sold approximately $60 million worth of H20 chips, while the H200 has not yet generated revenue, and competitors have also made progress.