{"id":4737,"date":"2024-05-23T09:15:07","date_gmt":"2024-05-23T09:15:07","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/23\/nvidia-stock-earnings-what-you-need-to-know\/"},"modified":"2024-05-23T09:15:07","modified_gmt":"2024-05-23T09:15:07","slug":"nvidia-stock-earnings-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/23\/nvidia-stock-earnings-what-you-need-to-know\/","title":{"rendered":"NVIDIA Stock Earnings: What You Need to Know"},"content":{"rendered":"

NVIDIA (NASDAQ:NVDA) released the highly anticipated results for its first fiscal quarter of 2025 on Wednesday (May 22), revealing revenue of US$26 billion, surpassing analysts\u2019 expectations of US$24.65 billion.<\/strong><\/p>\n

That\u2019s up 18 percent from the previous quarter and 262 percent year-on-year. The company\u2019s net income increased by 19 percent quarter-on-quarter and 462 percent from the same time last year to reach US$15.24 billion. Earnings per share also increased by 19 percent from Q4 to US$6.12, which is a 461 percent increase year-on-year.<\/p>\n

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NVIDIA shares rise in after-hours trading <\/h3>\n

NVIDIA started the week at US$937.70 and climbed to the US$945 to US$950 range ahead of its results, which came out just after the market closed on Wednesday; NVIDIA\u2019s share price was sitting at US$949.50 at that time. <\/p>\n

Following the announcement, NVIDIA rose 4.76 percent in after-hours trading to hit US$992.57, then dipped to US$967.01 less than five minutes later. At the time of this writing, NVIDIA\u2019s share price was on an upward trend towards US$1,000, a figure that analysts expect the company will reach this year. <\/p>\n<\/div>\n

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Contextualizing NVIDIA\u2019s performance <\/h3>\n

NVIDIA\u2019s share price is up 95.65 percent year-to-date, and its advances in artificial intelligence (AI) technology have made it one of the most sought-after stocks, drawing attention from investors and industry experts alike.<\/p>\n

According to Pete Evans of BNN Bloomberg, this earnings season marks one year since NVIDIA\u2019s share price increased by an astounding 25 percent in a single day after the results for its first fiscal quarter of 2024 blew analysts\u2019 expectations away. The rapid growth was driven by what founder and CEO Jensen Huang at the time called \u201cunprecedented demand\u201d for NVIDIA\u2019s AI products, which have since been a key driver of a tech boom not seen since the early 2000s. <\/p>\n

FactSet, a leading provider of financial data and analytics, has identified NVIDIA as the largest contributor to year-on-year earnings growth for the information technology sector and the entire S&P 500 (INDEXSP:.INX). The company\u2019s results for its fourth fiscal quarter of 2024, released in February, revealed impressive revenue and earnings growth, which led to another surge in NVIDIA\u2019s share price and eventually brought the company ahead of Aramco (TADAWUL:2222) to become the third most valuable company, behind Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), in March.<\/p>\n

NVIDIA\u2019s keynote presentation in March, where the company unveiled its latest AI technology developments, further fueled investor confidence and contributed to the stock\u2019s upward momentum. <\/p>\n<\/div>\n

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Huang says next industrial revolution has begun <\/h3>\n

In Wednesday\u2019s release, Huang highlights the company\u2019s data center growth, which he said has been fueled by accelerating demand for generative AI training and inference on the company\u2019s Hopper platform. This demand has expanded beyond cloud service providers to include consumer internet companies, enterprises, sovereign AI as well as automotive and healthcare customers, creating multiple multibillion-dollar vertical markets.<\/p>\n

NVIDIA\u2019s next wave of growth will be driven by the Blackwell platform, as well as NVIDIA NIM, a software solution that delivers enterprise-grade generative AI across a network of ecosystem partners to on-premise data centers and RTX AI PCs. Huang also said that Spectrum-X, a solution that improves the performance and efficiency of AI clouds by leveraging advanced ethernet technology, will open up a new market segment for NVIDIA. <\/p>\n

\u201cThe next industrial revolution has begun \u2014 companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center \u2014 AI factories \u2014 to produce a new commodity: artificial intelligence,\u201d he said. \u201cAI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient while expanding revenue opportunities.<\/p>\n

Along with its quarterly results, the company announced a 10 for one stock split that will go into effect on June 7. Holders of NVIDIA common stock will each receive nine additional shares at the close of the market on June 7, and trading will commence on a split-adjusted basis on June 10. <\/p>\n

For its second fiscal quarter of 2025, NVIDIA is projecting revenue of roughly US$28 billion.<\/p>\n<\/div>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

NVIDIA (NASDAQ:NVDA) released the highly anticipated results for its first fiscal quarter of 2025 on Wednesday (May 22), revealing revenue of US$26 billion, surpassing analysts\u2019 expectations of US$24.65 billion. That\u2019s up 18 percent from the previous quarter and 262 percent year-on-year. The company\u2019s net income increased by 19 percent quarter-on-quarter and 462 percent from the […]<\/p>\n","protected":false},"author":0,"featured_media":4738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=4737"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4738"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}