Feb 25 β€’ 21:37 UTC πŸ‡ΈπŸ‡ͺ Sweden SVT Nyheter

Nvidia surpasses expectations

Nvidia reported a quarterly earnings per share of $1.62, exceeding analyst expectations, alongside a revenue of $68.13 billion, marking a 73% increase from the previous year.

Nvidia has reported impressive financial results for the quarter, with earnings per share reaching $1.62 compared to analysts' expectations of $1.53, as reported by CNBC. The company's revenue stood at $68.13 billion, surpassing the anticipated $66.2 billion, reflecting a significant growth of 73% year-over-year from $39.3 billion. This marks the eleventh consecutive quarter of revenue growth exceeding 55%, a clear indication of Nvidia's strong market presence and performance.

A key contributor to this success was Nvidia's data center business segment, which generated a revenue of $62.3 billion in the fourth quarter aloneβ€”an impressive 75% increase compared to the same period last year. This data center growth highlights Nvidia's critical role in the technology landscape, particularly in cloud computing and AI infrastructure. Analysts from LSEG predict that this growth trend will continue with an anticipated revenue of $72.6 billion for the upcoming quarter, which extends until the end of April, indicating ongoing demand for Nvidia's innovative products.

Following the release of these encouraging financial figures, Nvidia's stock saw a 2.1% rise in after-hours trading on the New York Stock Exchange. This positive market response underscores investor confidence in Nvidia's strategy and financial resilience, especially as it continues to lead in sectors driven by high-performance computing and artificial intelligence.

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