Summary by Moomoo AI
NVIDIA, a leader in accelerated computing, reported a significant financial performance for the fiscal year 2024, with revenue soaring to $60.9 billion, a 126% increase from the previous year. The company's operating income skyrocketed by 681% to $32.9 billion, while net income surged by 581% to $29.8 billion. Diluted earnings per share also saw a dramatic rise of 586%, reaching $11.93. NVIDIA's gross margin improved by 15.8 percentage points to 72.7%. The company's Compute & Networking segment was a major growth driver, with a 215% increase in revenue, while the Graphics segment grew by 14%. NVIDIA's Data Center revenue alone jumped by 217%, attributed to strong demand across various industry verticals and the ramp-up of new data center products. The company also highlighted the successful launch of AI inference platforms...Show More
