Nvidia Stock: A Beat-And-Raise Fourth Quarter
Nvidia delivered yet another beat-and-raise quarter in February. Earnings per share of $5.16 on sales of $22.1 billion beat fourth-quarter views of $4.59 and $20.4 billion, respectively.
Earlier, the company said the limited supply of AI chips was the biggest challenge to growth. Customers may also wait for the next-generation B100 chip that is expected in the coming quarters. Baird analysts recently said this was a good thing. B100 chips will have better performance and will likely have a higher average selling price, analysts said.
The maker of AI chips also disclosed its recent stakes in several smaller AI plays in a filing with the Securities and Exchange Commission.
Also in February, Chief Executive Jensen Huang gave a rosy outlook for data center spending — a key segment for Nvidia. At the World Government Summit in Dubai, Huang said that "over the course of the next four or five years we'll have $2 trillion worth of data centers that will be powering software around the world, and all of it's going to be accelerated."
Huang added that countries can now "create computing technologies that nobody has to program." $NVIDIA(NVDA.US$
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