Following the release of Nvidia’s (NASDAQ: NVDA) fourth-quarter fiscal 2024 results, any doubts about its ability to maintain its stock market momentum were dispelled. The semiconductor giant not only exceeded Wall Street’s expectations but also provided strong guidance for the current quarter, indicating that its AI-driven growth is sustainable.
Unsurprisingly, Nvidia’s stock surged after its earnings release. Furthermore, analysts have begun to raise their growth forecasts for the current and next two fiscal years, underscoring the company’s remarkable growth trajectory.
NVDA EPS Estimates for Current Fiscal Year Chart
However, a pivotal statement from Nvidia CFO Colette Kress during the company’s earnings conference call indicates that it can sustain its impressive growth for an extended period: “We estimate in the past year approximately 40% of data center revenue was for AI…
2024-03-03 14:22:00
Link from finance.yahoo.com