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Nvidia (NVDA) provided the grand finale last Wednesday to an incredible earnings announcement season. For its latest quarter, Nvidia reported revenues up 106% to $96.2 billion. Data center revenue accounted for $89 billion, a 117% annual increase. In the past four quarters, Nvidia’s earnings surged by 118% to $53.96 billion, or $2.22 per share, compared with $24.76 billion (or $1.01 per share). The analyst community expected $2.09 per share, so Nvidia posted a 6.2% earnings surprise. Even more exciting, the company expects 70% annual revenue growth next year, well above analysts’ estimates of 45%. CEO Jensen Huang noted revenue would accelerate even faster if there weren’t a memory chip shortage. This guidance and his comment triggered a big rally in memory stocks and helped re-ignite a big rally in AI-related stocks….
Nvidia (NVDA) provided the grand finale last Wednesday to an incredible earnings announcement season. For its latest quarter, Nvidia reported revenues up 106% to $96.2 billion. Data center revenue accounted for $89 billion, a 117% annual increase. In the past four quarters, Nvidia’s earnings surged by 118% to $53.96 billion, or $2.22 per share, compared with $24.76 billion (or $1.01 per share). The analyst community expected $2.09 per share, so Nvidia posted a 6.2% earnings surprise. Even more exciting, the company expects 70% annual revenue growth next year, well above analysts’ estimates of 45%. CEO Jensen Huang noted revenue would accelerate even faster if there weren’t a memory chip shortage. This guidance and his comment triggered a big rally in memory stocks and helped re-ignite a big rally in AI-related stocks….
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