NVIDIA Earnings Blow Past Estimates, Mark ‘Tipping Point’ for AI - Decrypt thumbnail
NVIDIA Earnings Blow Past Estimates, Mark ‘Tipping Point’ for AI - Decrypt
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Nvidia stock (NASDAQ:NVDA) rose 8% to $728.35 from $674.72 during after-hours trading late Wednesday, following the company’s better-than-anticipated fourth-quarter earnings report—headlined by massive growth in artificial intelligence. The hardware developer reported that its $22.1 billion revenue—
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  • Nvidia stock (NASDAQ:NVDA) rose 8% to $728.35 from $674.72 during after-hours trading late Wednesday, following the company’s better-than-anticipated fourth-quarter earnings report—headlined by massive growth in artificial intelligence.
  • The hardware developer reported that its $22.1 billion revenue—logged in the fourth quarter ending January 28, 2024—was 22% higher than the previous quarter and 265% higher than the year before. Market watchers were expecting 208% growth ahead of the earnings report
  • Following Nvidia’s earnings news, other AI-associated stock prices surged, including Super Micro Computer rising 6%, Advanced Micro Devices by 3%, and chip manufacturer Broadcom by 2%,
  • The Fetch.Ai token FET is currently trading at $1.13, up 3.49%; The SingularityNET AGIX token is trading at $0.66, up 13.30%, and Optimus AI OPTI is trading at $0.32, up 0.70% in the last hour according to CoinMarketCap.

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