StickyRice
02-22
$NVIDIA Corp(NVDA)$ 


Nvidia gains as Q4 results, guidance beat expectations

Nvidia (NVDA) shares jumped in extended-hours trading on Wednesday after the semiconductor giant reported quarterly results and guidance that topped Wall Street's expectations.

Looking to the first-quarter of fiscal 2025, Nvidia expects to generate $24B in revenue, plus or minus 2%. Analysts were forecasting $21.9B in revenue for the Jensen Huang-led company.

Adjusted gross margin is forecast to be around 77%, plus or minus 50 basis points, while adjusted operating expenses are expected to be around $2.5B.

“Accelerated computing and generative AI have hit the tipping point,” Huang said in a statement. “Demand is surging worldwide across companies, industries and nations.”

For the fourth-quarter, Nvidia (NVDA) earned an adjusted $5.16 per share on $22.1B in revenue, as gaming revenue surged 56% year-over-year to come in at $2.9B, above the $2.72B estimate.

Data center revenue flew past expectations, coming in at $18.4B, compared to estimates of $17.21B.

Automotive revenue for the period clocked in at $281M, while professional visualization revenue rose 105% year-over-year to $463M. Total revenue for the period rose 265.3% year-over-year.

Adjusted gross margin came in at 76.7%, above the 75.4% estimate.

The company said data center sales to China declined "significantly" during the period amid the Biden Administration's export curb controls.

Analysts expected the Santa Clara, California-based company to post earnings of $4.63 per share on revenues of $20.5B for the quarter.


Can Nvidia Hit $850 This Week After Earnings Blowout?
NVIDIA's quarterly revenue was $22.1 billion, surpassing the expected $20.62 billion. EPS was $5.15, remarkable 486% year-over-year, also exceeding the expected $4.64. NVDA also provided very optimistic guidance. The CEO stated that demand will continue into 2025 and beyond. Most chip stocks like SMCI, AMD, ARM rise in the extended market after Nvidia's earnings beats. ------------------- Can Nvidia hit $850 this week? Which chip stock will perform best after Nvidia's earnings? What's your pick?
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