The semiconductor giant Nvidia (NASDAQ:NVDA) recently reported revenue of $22.1 billion for the 4th quarter ended January 2024, an increase of 22% from the previous quarter and 265% over the same period last year.

For the quarter, diluted earnings per share were $4.93, up 33% from the previous quarter and 765% from the previous year. Total net income for the 4th quarter was $12.29 billion, up 33% for the quarter and 769% from the same period last year.

Analysts had expected earnings of $4.60 per share and revenue of $20.4 billion for the quarter. For the entire fiscal year of 2024, revenue increased by 126% to $60.9 billion.

Diluted earnings per share were $11.93, an increase of 586% from the previous year.

Total profit for the year was $29.76 billion, up 581% from fiscal year 2023.

“Accelerated computing and generative AI have reached a tipping point. Demand is increasing worldwide among companies, industries, and nations,” said Jensen Huang, founder and CEO of the company.

Recently, the company’s stock was up 6.86% in NY after-hours trading.

Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.