To The Moon

AI stalwart Nvidia Corp. (NASDAQ:NVDA) reported Wednesday after the market close fourth-quarter results with non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64.

The one who sells chips

Nvidia’s annual revenue over last 10 years:

2024: $60.9 billion

2023: $26.9 billion

2022: $26.9 billion

2021: $16.7 billion

2020: $10.9 billion

2019: $11.7 billion

2018: $9.7 billion

2017: $6.9 billion

2016: $5.0 billion

2015: $4.6 billion

2014: $4.1 billion

The company reported fourth-quarter revenue of $22.10 billion which beat a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 22% from the third quarter and up 265% year-over-year. Revenue was the following by sector in the fourth quarter with year-over-year increases.

* Data Center: $18.4 billion, +409%

* Gaming: $2.9 billion, +56%

* Professional Visualization: $463 million, +105%

* Automotive: $281 million, -4%

Shares of Nvidia are up 6% to $718.00 in after-hours trading Wednesday. Nvidia stock is up 40.25% year-to-date, outperforming major ETFs such as the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ), and the iShares Semiconductor ETF (NASDAQ:SOXX). This follows a 240% surge in 2023.

After reaching an all-time high of $746.11 on Feb. 12 and becoming the fourth-most valued global company, the stock has pulled back due to earnings concerns, slipping to the 6th position in terms of market cap.

⚠️ Trading tips: looking at NVDA calls above 746.11 to breakout from all time high on Thursday. Will be ideal to enter during profit taking at open before the push to the upside. Job report, home sales figures and many Fed speakers will affect price action as well.

The time has come?

“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Chairman and CEO Jensen Huang, who is dubbed Godfather of AI by Wedbush analyst Daniel Ives.

Huang said the company's Data Center platform is "powered by increasingly diverse drivers," with demand for data processing, training and inference from large cloud-service providers.

Ahead of the results, sell-side analysts factored in a strong performance, with Morgan Stanley analyst Joseph Moore predicting a strong quarter in line with recent expectations. Rosenblatt’s Hans Mosesmann also forecasts a beat-and-raise, driven by product cycle momentum and upcoming offerings like new products at the March graphics technology conference.

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