The full story of NVIDIA's shocking financial results
NVIDIA's final profit exceeds 8 times due to rapid growth in generative AI!
Financial Overview
・Final profit for the fiscal year ending 2023/11 to 2024/1 increased more than 8 times the same period last year.
・Sales increased 3.7 times to 22.1 billion dollars, and final profit increased 8.7 times to 12.285 billion dollars, both of which exceeded market expectations.
・The main factors are the rapid expansion of generative AI and the increase in demand for GPUs for data centers.
・Sales increased 3.7 times to 22.1 billion dollars, and final profit increased 8.7 times to 12.285 billion dollars, both of which exceeded market expectations.
・The main factors are the rapid expansion of generative AI and the increase in demand for GPUs for data centers.
Stock Prices and Market Evaluations
・The stock price increase rate from the end of 2023 to 2024/2/21 reached 36%, and the total market value temporarily surpassed Google and Amazon, and ranked 3rd in the American stock market.
・Expectations for performance in response to demand for AI have increased, and it is attracting attention in the stock market.
Highlights of the 1st quarter financial results
・Sales increased approximately 233% from the same period last year, exceeding market expectations.
・The total market value increased by more than 80 billion dollars to reach 1.75 trillion dollars.
・Sales in the data center division were 18.4 billion dollars, up 409% from the same period last year, which also exceeded market expectations.
Detailed explanation 👇
From YouTube
The impact of the automotive sector and the Chinese market
・Sales in the automotive sector were 281 million dollars, down 4% from the same period last year.
・Sales in the data center division declined due to restrictions on the export of AI semiconductors to China.
Future prospects and growth strategies
・We are focusing on generative AI and the data center division, and are expanding supply, and are expanding the spread of AI technology beyond major data center companies.
・It responds to the rapid spread of AI accelerators and generative AI, and responds to rapidly increasing demand around the world.
Relationships with major companies
・Major companies such as Amazon, Meta, Microsoft, and Alphabet are investing in AI computing hardware, and NVIDIA is one of their biggest customers.
New market development
・Through partnerships with Cisco Systems, we aim to spread AI technology beyond major data center companies.
・CEOs have reached a turning point in the rapid spread of AI accelerators and generative AI, and are responding to rapidly increasing demand around the world.
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easygoing Badger_289 : Get information!
Thank you so much for putting it all together