NVIDIA Q1 FY24 Earnings Highlights
[Rewards] Nvidia spiked on Q1 earnings' jaw-dropping beat, driven by A.I. chip demand
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KEY Figures:
● Q1 revenue was $7.19 billion, down 13% YoY (year-on-year) but up 19% from the previous quarter. Specifically, Data Center revenue was a record, up 14%, led by growing demand for generative AI and large language models.
● Quarterly GAAP net income was $2,043 million, which increased 26% YoY and 44% from the previous quarter.
● Non-GAAP earnings per diluted share were $1.09, down 20% YoY but up 24% from the previous quarter.
● During Q1 FY 24, NVIDIA returned shareholders $99 million in cash dividends. Besides, NVIDIA will pay the next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023.
● For the Q2 FY24 Outlook, revenue is expected to be $11.00 billion, plus or minus 2%, up 64.2% YoY.
● For the Q2 FY24 Outlook, GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 bps.
● For the Q2 FY24 Outlook, GAAP and non-GAAP operating expenses are expected to be about $2.71 billion and $1.90 billion, respectively.
More statistics:
KEY Points:
● The computer industry is going through two simultaneous transitions — accelerated computing and generative AI. A trillion dollars of installed global data center infrastructure will transition to accelerated computing as companies race to apply generative AI,” said Jensen Huang, CEO of NVIDIA.
● In the Data Center sector, Nvidia launched four inference platforms that combine the company’s full-stack inference software with the latest NVIDIA Ada, NVIDIA Hopper
, and NVIDIA Grace Hopper processors.
, and NVIDIA Grace Hopper processors.● In the Gaming sector, Nvidia launched the GeForce RTX 4070 GPU based on Ada architecture, which enables DLSS 3, real-time ray-tracing, and the ability to run most modern games at over 100 frames per second at 1440p resolution.
● In the Automotive sector, the company announced that the leading electric vehicle maker BYD plans to extend its use of NVIDIA DRIVE Orin across new models.
across new models.● The PE ratio of Nvidia shares is higher than approximately 96% historical percentile in the recent two years. Also, the global semiconductor industry might still be in a downward cycle.
● For Nvidia's newest chips, the most likely alternative would be AMD's upcoming Instinct MI300 chip, which will be launched this year.
The KEY in your hands:
By May 24, 2022, NVDA shares had risen more than 100% since the beginning of 2023, outpacing the S&P 500 (.SPX), which was up about 7% during the same period (Source: moomoo APP).
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Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://news.moomoo.com/notice/147559097# This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
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102664787 : Currently this stock has given major boost to my portfolio. Feeling sad that should have bought more when it was trending at the range of 154-160 range
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富贵健康 : Something has gone up a lot already. Of course it sells, rises and corrects. Every stock is like a wave, rising and falling. Seeing good and receiving is the king
HuatLady : In this era, a high tech company such as $NVIDIA(NVDA.US)$ and its AI platform is the website mantra of "Safe," "Green," and "Connected". These are the vital strategic megatrends addressed by $NVIDIA(NVDA.US)$ .
. These moves will leverage its strength for future positive developments and growth. 
I like when a company owns a niche, particularly in the lucrative tech industry.
Out of necessity, competitiveness and savvy planning, $NVIDIA(NVDA.US)$ management team has the good sense to step up in the manufacturing and sales of AI related chips for supercomputers in the Data Centre, Gaming and automotive sectors.