Nvidia Surges 14% After Record-Breaking Q4 Earnings 🚀
Nvidia's stock skyrocketed over 14% in pre-market trading following a stunning Q4 performance that surpassed analyst expectations. Discover the key highlights and what this means for investors.
Benzinga
327 views • Feb 22, 2024
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Nvidia shares jumped over 14% in pre-market trading on Thursday after reporting strong fourth-quarter earnings that beat analyst estimates. Nvidia reported revenue of $22.1 billion for the fourth quarter, up 265% year-over-year, with net income rising 769%. The results were driven by continued strong demand for Nvidia's chips in artificial intelligence applications. Nvidia's Data Center business, which includes AI training chips, saw revenue of $18.4 billion, up 409% year-over-year. Nvidia forecasted first-quarter revenue of $24 billion, well above estimates.
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327
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Published
Feb 22, 2024
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