Nvidia's stock skyrocketed after smashing q4 earnings
22 feb 2024
Fueled by booming demand for its AI hardware and a bullish outlook for future growth. Key Highlights: Revenue: $22.1 billion, crushing expectations of $20.4 billion, a 265% year-over-year jump. Data Center: Revenue surged 400% to $18.4 billion, exceeding expectations of $17.06 billion. Guidance: Strong outlook for the current quarter, with revenue expected to reach $24 billion, significantly above analyst estimates. AI Focus: CEO Jensen Huang sees "excellent conditions" for continued growth, driven by the shift towards accelerated computing and generative AI. Demand Exceeds Supply: Customer spending on AI hardware remains strong, with demand outpacing current supply. Software & Services: This burgeoning segment reached a $1 billion annualized run rate, showcasing its future potential.
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