The BIG deal about NVDIA earnings and the onset of the AI economy
In this episode, we're going to cover the earnings report that apparently was the most important one for the street - NVDA.
Yesterday, on Feb 21st, NAVDIA posted its Q4 and Full Fiscal 2024 financial results. The results were mind-bogling.
If anybody had any doubt about the progress on the first chapter of AI, all those doubts were put to rest.
NVDIA showed that demand for its chips, that are powering the AI revolution was not only high, but they pretty much dominated this market. This was proven by the strong revenue growth and the huge profit margin they commanded.
Let's take a quick look at their numbers:
NVDA earnings
Numbers & Growth
Revenue 22.1B / 20.55B
EPS 5.16 / 4.61
On both of these, the not only beat street's expectation for this quarter, but next quarter as well - an easy way to say - raise your expectations.
Now, let's take a look at the picture of the trend
Segments - Numbers
Overall $7.64 $6.05 $22.10
Data Center $1.90 $3.62 $18.4
Gaming $2.50 $1.93 $2.90
Prof Visual
Automotive
Segments - Growth
Overall 61% -21% 265%
Data Center 97% 11% 409%
Gaming
Prof Visual
Automotive
Brief history of NVIDIA
1993 - Founding - Founded on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, with a vision to bring 3D graphics to the gaming and multimedia markets.
1999 - IPO - January 22, 1999 at $12/share
1999 - First GPU - GeForce 256 (NV10) - Invents the GPU, the graphics processing unit, which sets the stage to reshape the computing industry.
2006 - CUDA - Opens parallel processing capabilities of GPUs to science and research with unveiling of CUDA® architecture.
2012 - AI - Sparks the era of modern AI by powering the breakthrough AlexNet neural network.
2016 - RTX - Reinvents computer graphics with NVIDIA RTX™, the first GPU capable of real-time ray tracing.
2022 - Omniverse - Plays a foundational role in the building of the metaverse, the next stage of the internet, with the NVIDIA Omniverse™ platform.
How did they do it?
Graphics Processing
Parallel Processing
Gaming
Crypto Mining
AI
General Computing
AI tipping point
References
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2020
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2021
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2022
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2023
https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2024
https://investor.nvidia.com/news/press-release-details/2024/NVIDIA-Announces-Financial-Results-for-Fourth-Quarter-and-Fiscal-2024/
https://ca.investing.com/equities/nvidia-corp-earnings
Podcast
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