Nvidia's latest financial report revealed impressive figures for the quarter, with adjusted earnings per share (EPS) standing at $5.16 on revenue of $22.1 billion. This surpassed analysts' expectations of $4.60 EPS on revenue of $20.4 billion. The remarkable leap from the same period last year, where Nvidia reported EPS of $0.88 on $6.1 billion, highlights the company's substantial growth trajectory. For the entirety of 2022, Nvidia reported $27 billion in revenue.
The company's forward guidance for the first quarter also exceeded analyst forecasts, with projected revenue of $24 billion, plus or minus 2%, compared to the anticipated $21.9 billion. CEO Jensen Huang attributed this success to the increasing demand for accelerated computing and generative AI, noting a surge in demand globally across various sectors.
Despite the overall positive performance, Nvidia faced a setback in its data center revenue from China due to US licensing restrictions. However, its Data Ce ...
Sign up to read the entire article. It's Free and Simple to sign up!
We are offering a
FREE 30 day trial which includes full access to the following services here at investorAi.
You only need an email address to sign up! You will NOT be billed at the end of your trial unless you wish to begin a subscription.