It operates within the semiconductor industry and some of its main rivals include, Intel Corp. (INTC), Advanced Micro Devices Inc. (AMD), and Xilinx Inc. (XLNX). NVIDIA generated a net income of $4.3 billion on $16.7 of revenue in its 2021 fiscal year (FY), which ended Jan. 31, 2021. For the quarter ended Jan. 28, Nvidia’s revenue and adjusted EPS rocketed 265% and 486%, respectively, year over year. Growth was driven by the data center platform’s 409% revenue surge.
But, as mentioned above, the speed and efficiency at which GPUs can solve complex computational problems made them ideal for technologies like AI and machine learning as well as cryptocurrency mining. Miners of cryptocurrency use computers to verify transactions that take place on a cryptocurrency’s blockchain by solving complex mathematical problems. Miners once depended solely on central processing units (CPUs) to solve these problems, but CPUs’ central role has been eclipsed by the faster and more efficient GPUs. The company’s chips are used in gaming consoles and data centers, which have seen soaring demand during the pandemic.
Many leading index funds and ETFs provide exposure to NVIDIA and other leading tech stocks. Its value has particularly increased with the artificial intelligence boom. NVIDIA declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Wednesday, March 6th will be paid a dividend of $0.04 per share on Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%.
Revenue is the top item on an income statement from which all costs and expenses are subtracted to get to net income. NVIDIA issued an update on its first quarter 2025 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $23.5 billion-$24.5 billion, compared to the consensus revenue estimate of $22.2 billion.
- Nvidia stock’s momentum at the end of 2023 and through late February 2024 was driven by the company’s release of blockbuster quarterly results on Nov. 23, 2023.
- The next year, in 1997, the company will release the world’s first 128-bit 3-D processor.
- Graphics cards that would normally sell for $800 were being resold for as much as $2,000 as miners represented a whole new source of demand in addition to gamers.
- In Q4 2023, NVIDIA owned 80% of the GPU market share but it is slowly starting to lose share to Intel and AMD.
- Semiconductor and AI-adjacent stocks surged in early trading, riding the wave of optimism generated by another blowout quarterly earnings report from Nvidia.
- Revenue for the quarter came in at $13.5 billion versus the year-ago figure of $6.704 billion, indicating a stellar 101% uptick year-on-year.
Nvidia reported its 2024 third-quarter earnings onNovember 21, 2023, with an EPS of $3.71, rallying by an enormous 1,274% from the year-ago figure of $0.27. Revenue for the quarter came in at $18.12 billion versus $5.931 billion in the same period last year, zooming 205.5% year-on-year. Its annual revenue for 2023 was $26.974 billion, which is a marginal 0.2% advance from 2022, while the annual revenue for 2022 was recorded at $26.914 billion, a whopping 61.4% uptick from 2021.
NVIDIA Estimates* in USD
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The chips include the MI300X, which, according to AMD, provides better efficiency and cost savings for running large language models than NVIDIA’s flagship H100 data center GPU. Meanwhile, despite AMD’s new invention, NVIDIA is still overtaking its rival, with its graphic cards accounting for the majority of GPUs on the Steam Hardware Survey. NVIDIA’s Graphics division is geared toward specialized xm forex review markets, which include the GeForce series for gamers and software products designed for cloud-based visual and virtual computing. On the 28th of March, 2024, its stock recorded its latest 52-week high of $974. Considering that only in 2020, NVIDIA’s average stock price hovered around $96.64 and was as low as $5.7530 in 2015, the company’s recent advancement is impressive indeed.
In our view, the firm’s valuation will be tied to its ability to grow within the data center and AI sectors. NVIDIA is a “fabless company,” which means it designs its semiconductor chips but outsources the fabrication to another company. Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co.
NVIDIA’s EPS from 2009
The AI revolution is in the early stages, so Nvidia has a potentially very long runway for growth. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).
Nvidia stock’s momentum at the end of 2023 and through late February 2024 was driven by the company’s release of blockbuster quarterly results on Nov. 23, 2023. In its third quarter of fiscal year 2024 (ended Oct. 29, 2023), Nvidia’s revenue and adjusted earnings per share (EPS) surged 206% and 593%, respectively, year over year. Growth was powered by the data center platform’s revenue soaring 279% from the year-ago period.
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1995 – NVIDIA released its first chip, having invested $10 million in its development, the money it raised from Sutter Hill Ventures and Sequoia Capital. 1998 – NVIDIA released the RIVA TNT, which boosted its reputation for developing effective graphic adapters. 2008 – The company acquired Ageia, developer of the PhysX physics engine and physics processing unit. 2020 – NVIDIA’s scientists developed an open-source ventilator to compensate for the shortage caused by the pandemic.
NVIDIA’s revenue for the quarter ending January 28, 2024, was $22.1 billion, which constitutes a stellar 265.3% jump year-over-year. NVIDIA’s revenue for 2024 was $60.92 billion, skyrocketing by a breathtaking 126% from 2023. To help you understand whether the company presents valuable investment opportunities, below we present NVIDIA’s crucial historical and statistical data. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. In 2007, the company achieved its first ever powertrend quarter with more than $1 billion in revenue, and was named company of the year by Forbes magazine, Nvidia stock price increased on the news. It was also awarded an Emmy award for the potential it helped unlock in the entertainment industry.