Nvidia adds $277 billion in market capitalisation in one day, beats Meta’s record
Also Read: Nvidia hits 15% upper circuit as AI mania sparks tech rally on Wall Street, market value nears $2 trillion Nvidia surpassed high expectations, according to Morgan Stanley analyst Joseph Moore. “We had never seen $2 billion of upside to quarterly revenue guidance until Nvidia did it a few quarters ago, but it has become routine during the AI surge," he wrote. “Strength of AI demand continues to be remarkable." Nvidia reported fourth-quarter revenue of $22.10 billion, up from $6.05 billion, and beating estimates of $20.62 billion.
Adjusted for certain items, fourth-quarter earnings were $5.16 a share, compared with estimates of $4.64 a share, according to LSEG data. Nvidia forecast first-quarter revenue growth of 233%, ahead of Wall Street expectations of 208% growth. The company forecast revenue for the current quarter of $24.0 billion, plus or minus 2%.
Analysts on average were expecting revenue of $22.17 billion, according to LSEG data. It expects first-quarter adjusted gross margin to be 77%, plus or minus 50 basis points. Analysts on average forecast a gross margin of 75.6%.
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