Nvidia, the kingpin of chips powering artificial intelligence, on Wednesday released quarterly financial results that again showed torrid growth and said the increases would continue, underlining how it has become one of the world’s most valuable companies.

Nvidia is one of the most visible winners of the A.I. boom and one of the tech stocks, known as the “Magnificent Seven,” that have helped power the stock market. Investors have bet heavily on continued demand for its specialized, costly semiconductors, which are used for training popular A.I. services like OpenAI’s ChatGPT chatbot.

Nvidia’s valuation has surged more than 40 percent to $1.7 trillion since the start of the year, helping it briefly eclipse the market values of Amazon and Alphabet recently before receding to the fifth-most-valuable tech company.

The company’s stock market gains are largely a result of repeatedly exceeding analysts’ expectations for growth, a feat becoming more difficult as they keep raising their predictions.

Nvidia reported that revenue in its fiscal fourth quarter more than tripled from a year earlier to $22.1 billion, while profit soared nearly ninefold to $12.3 billion.

Revenue came in above the $20 billion the company predicted in November, though below some analyst estimates that had recently risen to as much as $23 billion.