{"id":1347,"date":"2024-02-22T07:20:32","date_gmt":"2024-02-22T07:20:32","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1347"},"modified":"2024-02-22T07:20:33","modified_gmt":"2024-02-22T07:20:33","slug":"nvidia-surpasses-expectations-with-strong-q4-results-and-optimistic-guidance","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/02\/22\/nvidia-surpasses-expectations-with-strong-q4-results-and-optimistic-guidance\/","title":{"rendered":"Nvidia Surpasses Expectations with Strong Q4 Results and Optimistic Guidance"},"content":{"rendered":"\n<p>Following the close of the market on Wednesday, Nvidia Corp. (NVDA), an AI powerhouse, disclosed its fourth-quarter financial outcomes and future projections, which exceeded even the most optimistic forecasts.<\/p>\n\n\n\n<p>In Q4, Nvidia reported non-GAAP earnings per share of $5.16, surpassing the Street&#8217;s consensus estimate of $4.64, as per data from Benzinga Pro. Moreover, the company&#8217;s fourth-quarter revenue amounted to $22.10 billion, outstripping the Street&#8217;s projection of $20.62 billion. Notably, this represented a remarkable 22% increase from the previous quarter and an astounding 265% surge year-over-year.<\/p>\n\n\n\n<p>Breaking down the revenue by sector for the fourth quarter, substantial year-over-year increases were observed:<\/p>\n\n\n\n<ul>\n<li>Data Center: $18.4 billion, up by an impressive 409%<\/li>\n\n\n\n<li>Gaming: $2.9 billion, marking a solid 56% increase<\/li>\n\n\n\n<li>Professional Visualization: $463 million, soaring by 105%<\/li>\n\n\n\n<li>Automotive: $281 million, experiencing a slight dip of 4%<\/li>\n<\/ul>\n\n\n\n<p>Jensen Huang, the esteemed Chairman and CEO of Nvidia, remarked on the pivotal moment reached by accelerated computing and generative AI, citing a surge in demand across various sectors globally.<\/p>\n\n\n\n<p>Anticipation for Nvidia&#8217;s stellar performance was high among sell-side analysts, with forecasts from Morgan Stanley and Rosenblatt pointing towards a beat-and-raise scenario, fueled by product cycle momentum and upcoming offerings.<\/p>\n\n\n\n<p>Looking ahead, Nvidia anticipates first-quarter revenue to reach $24.0 billion, surpassing the Street&#8217;s estimate. Additionally, the company expects non-GAAP gross margins for the first quarter to be around 77.0%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the close of the market on Wednesday, Nvidia Corp. (NVDA), an AI powerhouse, disclosed its fourth-quarter financial outcomes and future projections, which exceeded even the most optimistic forecasts. In Q4, Nvidia reported non-GAAP earnings per share of $5.16, surpassing the Street&#8217;s consensus estimate of $4.64, as per data from Benzinga Pro. Moreover, the company&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1346,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[362,312],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1347"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1347"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1347\/revisions"}],"predecessor-version":[{"id":1348,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1347\/revisions\/1348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1346"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1347"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}