Nvidia

HSBC analyst Frank Lee maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $835 to $880.

The following is a summary of the NVIDIA Corporation (NVDA) Q4 2024 Earnings Call Transcript: Financial Performance: NVIDIA reported Q4 revenue of $22.1 billion, a 22% sequential and 265% YoY increase. Fiscal 2024 total revenue was $60.9 billion, up 126% YoY. Data center revenue for fiscal 2024 was $47.5 billion, tripling YoY. Q4 data center revenue was a record $18.4 billion, up 27% sequentially and 409% YoY. Q4 gaming revenue was $2.87 billion, flat sequentially but up 56% YoY. Q4 gross margins expanded to 76% for GAAP and 76.7% for non-GAAP. Business Progress: NVIDIA is moving from general-purpose to accelerated computing in data center infrastructure. The new Hopper GPU computing platform and Infiniband end-to-end networking drove Q4 data center growth. NVIDIA’s AI Tensor cores and GPUs deliver up to 836 AI tops, fuelling generative AI applications. NVIDIA’s GeForce RTX 40 Super Series GPUs launched at CES are showing strong potential.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below historical. We up our FY 25 (Jan.) EPS estimate to $23.40 from $20.58 and FY 26 to $28.00 from $23.76. NVDA posts Jan-Q EPS of $5.16 vs. $0.88, beating the $4.64 consensus. Sales rose 265%, above our view, led by data centers (+409%; 83% of sales) as compute revenue grew over 5x and networking tripled (+$13B annual run rate). While supply is improving, we do expect constraints as next gen products ramp (H200 in Apr-Q and Blackwell by year-end) given elevated demand. China sales fell significantly but we think it helps de-risk NVDA’s revenue (mid-single % of data centers vs. 20%-25% historically). We see a slew

Nvidia (NVDA) reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter ended Jan. 28 surged to a record $22.1 billion from $6.05 billion a year earlier. Analysts surveyed by Capital IQ expected $20.6 billion. The company said it expects fiscal Q1 revenue of $24 billion, plus or minus 2%. Analysts surveyed by Capital IQ expect $22.03 billion. Shares of the company surged 14% in recent Thursday premarket activity.

JPMorgan Raises NVIDIA Price Target to $850 From $650, Maintains Overweight Rating.

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024 — Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago — Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year ago — Record full-year revenue of $60.9 billion, up 126% SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. 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 ago. For fiscal 2024, revenue was up 126% to $60.9 billion. GAAP earnings per diluted share

NVIDIA Reports Q4 Revenue $22.1B, vs. Street Est of $20.551B.

NVIDIA Guides For Q1 Revenue of $24 Billion, +/- 2%, Vs CIQ Analyst Consensus of $22 Billion.

NVIDIA Q4 Data Center Revenue at $18.4 Billion Vs Visible Alpha Analyst Consensus of $17.3 Billion; Gaming Revenue at $2.9 Billion Vs Consensus of $2.72 Billion.

NVIDIA Posts Q4 EPS of $5.16, Vs CIQ Analyst Consensus of $4.64/Share.

NVIDIA Q4 Professional Visualization Revenue at $463 Million Vs Visible Alpha Analyst Consensus of $434.2 Million; Auto Revenue at $281 Million Vs Consensus of $272.2 Million.

By Asa Fitch Nvidia’s quarterly sales tripled from a year ago, surpassing Wall Street’s heightened expectations, and the company indicated momentum from the artificial-intelligence boom remains strong. The chip company that underpins almost all of the world’s most advanced AI systems said it made $22.1 billion of revenue in its last fiscal quarter, higher than analyst forecasts of around $20.4 billion. Net profit was $12.29 billion, compared with $1.41 billion a year earlier. Nvidia also forecast around $24 billion of sales for its current quarter, ahead of Wall Street expectations in a FactSet survey. The company’s shares were flat in after-hours trading. The stock has more than tripled over the past year. Nvidia has been the primary financial beneficiary of the AI wave so far, as big tech companies like Microsoft, Google and Apple place large bets on the technology and need Nvidia’s hardware to drive them. In addition to