Nvidia Lives Up to the Hype, Delivers Another Huge Quarter

By Felix Richter – Statista

Ever since Nvidia first revealed to the world how much it expects to profit from the rise of artificial intelligence in May 2023, the chipmaker has been the poster child of the AI-fueled stock market rally that has propelled the S&P 500 to historic highs. So much so, in fact, that each of the company’s earnings releases since then has been considered a make-or-break moment for market momentum, with investors around the world biting their nails, hoping for more positive news from the company that quite literally powers the AI revolution. And so far, Nvidia has always delivered. On Wednesday, the company reported fourth-quarter results that not only met its bullish outlook from three months ago, but blew past it. Perhaps more importantly though, the company‘s outlook for the ongoing quarter promises more of the same, i.e. another jump in revenue at a very high gross margin.