Nvidia Shares Soar 14% on Impressive Q4 Earnings, Beat Analyst Estimates; Here Are All The Details

Nvidia Shares Soar 14% on Impressive Q4 Earnings, Beat Analyst Estimates; Here Are All The Details

Nvidia shares jumped over 14 in pre-market trading on Thursday after reporting strong fourth-quarter earnings that beat analyst estimates. Nvidia reported revenue of $22.1 billion for the fourth quarter, up 265 year-over-year, with net income rising 769. The results were driven by continued strong demand for Nvidia's chips in artificial intelligence applications. Nvidia's Data Center business, which includes AI training chips, saw revenue of $18.4 billion, up 409 year-over-year. Nvidia forecasted first-quarter revenue of $24 billion, well above estimates.


User: Benzinga

Views: 327

Uploaded: 2024-02-22

Duration: 00:38

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