Nvidia has once more turned out quarterly results that easily exceeded Wall Street’s forecast s. The corporate has seen soaring demand for its semiconductors, that are used to power artificial intelligence applications.
Revenue greater than doubled in the most recent quarter from the identical period a yr earlier, Nvidia said Wednesday. The corporate expects further revenue growth in the present quarter that ends in October. Investors will likely be watching to see if demand for the corporate’s products can maintain its red-hot pace.
The corporate’s journey to be one of the vital outstanding players in AI has produced some eye-popping numbers. Here’s a glance.
$3.156 Trillion
Nvidia’s total market value as of the close Wednesday. It’s ahead of Microsoft ($3.076 trillion) but behind Apple ($3.457 trillion) within the battle for most useful company. One yr ago, the corporate’s market was around $1.15 trillion.
154%
Gain in Nvidia’s stock price to this point this yr as of the close of trading Wednesday. The shares fell about 4% in after-hours trading following the discharge of the corporate’s earnings.
30%
That is how much of the S&P 500’s gain for the yr through June got here only from Nvidia.
$26.3 billion
Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a yr ago. Overall revenue rose 122% from a yr ago to $30 billion. By comparison, revenue growth for all the businesses within the S&P 500 is anticipated to be about 5% for the most recent quarter.
$32.5 billion
Nvidia’s estimate for overall revenue within the third quarter, “plus or minus 2%.” That translates to a variety of $31.85 billion to $33.15 billion, in comparison with Wall Street’s estimate of $31.7 billion. Revenue within the year-ago third quarter totaled $18.1 billion.
$121.1 billion
Analysts’ estimate for Nvidia’s revenue for the fiscal yr that ends in January 2025. That may be about double its revenue for fiscal 2024 and greater than 4 times its receipts the yr before that.