Nvidia: New Products Should Drive Further Momentum

Summary:

  • Nvidia’s FY4Q24 results continued to exceed expectations, with its datacenter business once again beating all expectations.
  • Datacenter revenues grew 27% sequentially, while gaming revenues remained flat and automotive segment grew 8%.
  • Nvidia continues to extend its lead with the scaling up of the H200, the world’s most powerful GPU, with enhanced performance and memory capacity.
  • In the fourth quarter, more than half of Nvidia’s data center revenues came from the large cloud providers like AWS, Azure and Google Cloud.
  • 40% of its data center revenue for the last year was for AI inference, which shows end customers are using AI for real world use cases.

Chipmaker NVIDIA"s Valuation Passes 1 Trillion In Market Cap

Justin Sullivan

Nvidia (NASDAQ:NVDA) reported their FY4Q24 results, which continued to show strength in their business fundamentals while growing its lead over competitors.

2024 looks like a year for Nvidia given that demand continues to exceed supply through the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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