Wednesday, February 21, 2024

g-f(2)1996 NVIDIA’s Financial Triumph: A Deep Dive into Q4 and Fiscal 2024 Results

 


genioux Fact post by Fernando Machuca and Bing Chatbot (Copilot)


Introduction:


The article "NVIDIA Announces Financial Results For Fourth Quarter And Fiscal 2024" provides a comprehensive overview of NVIDIA's financial performance for the fourth quarter and the entire fiscal year of 2024.



genioux GK Nugget:


"NVIDIA Corporation reported a record quarterly revenue of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago." — Fernando Machuca and Bing Chatbot (Copilot)



genioux Foundational Fact:


In the fiscal year 2024, NVIDIA Corporation achieved significant financial growth, with a record quarterly revenue of $22.1 billion in the fourth quarter, marking a 22% increase from the previous quarter and a 265% increase from the previous year. The company's data center revenue for the quarter was $18.4 billion, up 27% from Q3, and up 409% from the previous year. NVIDIA's full-year revenue for fiscal 2024 was $60.9 billion, up 126%.



10 Most Relevant genioux Facts:



1. NVIDIA reported a record quarterly revenue of $22.1 billion.

2. The quarterly revenue was up 22% from the previous quarter.

3. The quarterly revenue was up 265% from a year ago.

4. The company's data center revenue for the quarter was $18.4 billion.

5. The data center revenue was up 27% from Q3.

6. The data center revenue was up 409% from the previous year.

7. NVIDIA's full-year revenue for fiscal 2024 was $60.9 billion.

8. The full-year revenue was up 126%.

9. For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago.

10. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago.




Conclusion:


NVIDIA Corporation has demonstrated significant financial growth in the fourth quarter and the entire fiscal year of 2024, with record-breaking revenues and substantial increases in both quarterly and annual revenues. This financial performance reflects NVIDIA's strong market position and the increasing demand for its products and services.



REFERENCE

The g-f GK Article


NVIDIA Announces Financial Results For Fourth Quarter And Fiscal 2024, NVIDIA, February 21, 2024.



NVIDIA 


NVIDIA Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California². Founded in 1993, NVIDIA is a key innovator of computer graphics and AI technology⁴. The company designs graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system on a chip units (SoCs) for the mobile computing and automotive market². NVIDIA is also a dominant supplier of artificial intelligence (AI) hardware and software².


NVIDIA's professional line of GPUs are used in various fields such as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design². Its GeForce line of GPUs are aimed at the consumer market and are used in applications such as video editing, 3D rendering, and PC gaming². The company expanded its presence in the gaming industry with the introduction of the Shield Portable, Shield Tablet, and Shield TV, as well as its cloud gaming service GeForce Now².


In addition to GPU manufacturing, NVIDIA provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs². They are deployed in supercomputing sites around the world². In the late 2000s, NVIDIA moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems².


As of 2024, NVIDIA holds approximately 80% of the global market share in GPU semiconductor chips³. The company reported a record quarterly revenue of $22.1 billion in the fourth quarter of fiscal year 2024¹.


Source: Conversation with Bing, 2/22/2024

(1) Nvidia - Wikipedia. https://en.wikipedia.org/wiki/Nvidia.

(2) NVIDIA IN BRIEF. https://www.nvidia.com/content/dam/en-zz/Solutions/about-nvidia/corporate-nvidia-in-brief.pdf.

(3) NVIDIA Corporation | History, GPUs, & Artificial Intelligence. https://www.britannica.com/topic/NVIDIA-Corporation.

(4) NVIDIA Corporation (NVDA) Stock Price, News, Quote & History - Yahoo .... https://finance.yahoo.com/quote/NVDA/.





Copilot's Summary:


NVIDIA Corporation announced its financial results for the fourth quarter and fiscal year 2024 on February 21, 2024¹²³. Here are the key highlights:


  • Record Quarterly Revenue: NVIDIA reported a record quarterly revenue of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago¹²³.
  • Data Center Revenue: The company's data center revenue for the quarter was $18.4 billion, up 27% from Q3, and up 409% from the previous year¹²³.
  • Full-Year Revenue: NVIDIA's full-year revenue for fiscal 2024 was $60.9 billion, up 126%¹²³.
  • Earnings Per Share: For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago¹²³.
  • CEO's Statement: NVIDIA's founder and CEO, Jensen Huang, stated that accelerated computing and generative AI have hit the tipping point and demand is surging worldwide across companies, industries, and nations¹²³.


The company also announced that it will pay its next quarterly cash dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024¹²³.


Source: Conversation with Bing, 2/22/2024

(1) NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024. https://investor.nvidia.com/news/press-release-details/2024/NVIDIA-Announces-Financial-Results-for-Fourth-Quarter-and-Fiscal-2024/.

(2) NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024 .... https://www.marketscreener.com/quote/stock/NVIDIA-CORPORATION-57355629/news/NVIDIA-Announces-Financial-Results-for-Fourth-Quarter-and-Fiscal-2024-46001190/.

(3) NVDA - NVIDIA Announces Financial Results for Fourth.... https://marketwirenews.com/news-releases/nvidia-announces-financial-results-for-fourth-quarte-5520339006914184.html.

(4) Getty Images. https://www.gettyimages.com/detail/news-photo/an-exterior-view-of-the-nvidia-headquarters-on-may-30-2023-news-photo/1494623399.



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References


genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)1996, Fernando Machuca and Bing Chatbot (Copilot)February 21, 2024, Genioux.com Corporation.
 
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