Nvidia Passes Its Latest Test. Here's What It Means for Investors.
All eyes were on Nvidia (NASDAQ: NVDA) once again when it reported fourth-quarter earnings last week. However, Nvidia's stock isn't in the same position as it was a year or two ago when it was delighting investors with skyrocketing growth and a seemingly endless opportunity in artificial intelligence (AI).The company is still delivering blistering growth, but investor expectations now seem to be aligned with the company's trajectory, and there is less room for surprises. Despite ample anticipation for the fourth-quarter report after hours on Wednesday, the stock was trading down 3% this past Thursday even as the company beat estimates.Nvidia didn't disappoint with its fourth-quarter results. Revenue jumped 78% from the quarter a year ago to $39.3 billion, which was ahead of the consensus at $38.2 billion. Growth was again paced by the data center segment, where AI computing is taking place, with data center revenue up 93% to $35.6 billion. Continue reading
All eyes were on Nvidia (NASDAQ: NVDA) once again when it reported fourth-quarter earnings last week. However, Nvidia's stock isn't in the same position as it was a year or two ago when it was delighting investors with skyrocketing growth and a seemingly endless opportunity in artificial intelligence (AI).
The company is still delivering blistering growth, but investor expectations now seem to be aligned with the company's trajectory, and there is less room for surprises. Despite ample anticipation for the fourth-quarter report after hours on Wednesday, the stock was trading down 3% this past Thursday even as the company beat estimates.
Nvidia didn't disappoint with its fourth-quarter results. Revenue jumped 78% from the quarter a year ago to $39.3 billion, which was ahead of the consensus at $38.2 billion. Growth was again paced by the data center segment, where AI computing is taking place, with data center revenue up 93% to $35.6 billion.
