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Nvidia Just Delivered Another Blowout Quarter. Here Are 3 Crucial Things You Shouldn't Miss.
Nvidia (NASDAQ: NVDA) is known for hitting it out of the park when it comes to earnings, surpassing analysts' estimates quarter after quarter and reporting record levels of revenue. This is thanks to the company's dominance in the red-hot growth area of artificial intelligence (AI), a $200 billion market forecast to reach $1 trillion by the end of the decade. Nvidia makes the world's fastest graphics processing units (GPUs) -- the chips powering the most crucial of AI tasks -- and a broad range of related products and services.And the company's strong momentum kept going in the most recent quarter and fiscal year. The tech giant reported a 78% increase in fourth-quarter revenue to a record $39 billion and a 114% increase in full-year revenue to a record $130 billion. Nvidia also predicted revenue for the current quarter would reach $43 billion, representing an 65% increase year over year.This is fantastic news, but the story behind the numbers is even more exciting and offers a clear picture of what's to come. Let's check out three crucial things from Nvidia's latest report that you shouldn't miss.Continue reading
Nvidia (NASDAQ: NVDA) is known for hitting it out of the park when it comes to earnings, surpassing analysts' estimates quarter after quarter and reporting record levels of revenue. This is thanks to the company's dominance in the red-hot growth area of artificial intelligence (AI), a $200 billion market forecast to reach $1 trillion by the end of the decade. Nvidia makes the world's fastest graphics processing units (GPUs) -- the chips powering the most crucial of AI tasks -- and a broad range of related products and services.
And the company's strong momentum kept going in the most recent quarter and fiscal year. The tech giant reported a 78% increase in fourth-quarter revenue to a record $39 billion and a 114% increase in full-year revenue to a record $130 billion. Nvidia also predicted revenue for the current quarter would reach $43 billion, representing an 65% increase year over year.
This is fantastic news, but the story behind the numbers is even more exciting and offers a clear picture of what's to come. Let's check out three crucial things from Nvidia's latest report that you shouldn't miss.
