Current:Home > MarketsNvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers-LoTradeCoin
Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
View Date:2024-12-24 00:37:15
Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.
Revenue more than doubled in the latest quarter from the same period a year earlier, Nvidia said Wednesday. The company expects further revenue growth in the current quarter that ends in October. Investors will be watching to see if demand for the company’s products can maintain its red-hot pace.
The company’s journey to be one of the most prominent players in AI has produced some eye-popping numbers. Here’s a look.
$3.156 Trillion
Nvidia’s total market value as of the close Wednesday. It’s ahead of Microsoft ($3.076 trillion) but behind Apple ($3.457 trillion) in the battle for most valuable company. One year ago, the company’s market was around $1.15 trillion.
154%
Gain in Nvidia’s stock price so far this year as of the close of trading Wednesday. The shares fell about 4% in after-hours trading following the release of the company’s earnings.
30%
That’s how much of the S&P 500’s gain for the year through June came only from Nvidia.
$26.3 billion
Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. Overall revenue rose 122% from a year ago to $30 billion. By comparison, revenue growth for all the companies in the S&P 500 is expected to be about 5% for the latest quarter.
$32.5 billion
Nvidia’s estimate for overall revenue in the third quarter, “plus or minus 2%.” That translates to a range of $31.85 billion to $33.15 billion, compared to Wall Street’s estimate of $31.7 billion. Revenue in the year-ago third quarter totaled $18.1 billion.
$121.1 billion
Analysts’ estimate for Nvidia’s revenue for the fiscal year that ends in January 2025. That would be about double its revenue for fiscal 2024 and more than four times its receipts the year before that.
veryGood! (15)
Related
- Jeep slashes 2025 Grand Cherokee prices
- WGA ends strike, releases details on tentative deal with studios
- At Paris Fashion Week ‘70s nostalgia meets futuristic flair amid dramatic twists
- Biden to send disaster assistance to Louisiana, as salt water threatens the state’s drinking water
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
- 2024 Republican candidates to meet in California for second debate
- Nashawn Breedlove, rapper who played Lotto in Eminem's film debut '8 Mile,' dies at 46
- Slaves’ descendants seek a referendum to veto zoning changes they say threaten their Georgia island
- My Chemical Romance returns with ‘The Black Parade’ tour
- Jimmy Carter’s 99th birthday celebration moved to Saturday to avoid federal shutdown threat
Ranking
- Footage shows Oklahoma officer throwing 70-year-old to the ground after traffic ticket
- Apple leverages idea of switching to Bing to pry more money out of Google, Microsoft exec says
- Police charge man in deadly Georgia wreck, saying drivers were racing at more than 100 mph
- In conversation with Kerry Washington on her new memoir – Part I
- 24 more monkeys that escaped from a South Carolina lab are recovered unharmed
- A Belgian bishop says the Vatican has for years snubbed pleas to defrock a pedophile ex-colleague
- China accuses Taiwan’s government of using economic and trade issues to seek independence
- British Museum seeks public help in finding stolen artifacts
Recommendation
-
College Football Playoff bracket: Complete playoff picture after latest rankings
-
Armed man arrested outside Virginia church had threatened attack, police say
-
A Jim Crow satire returns to Broadway after 62 years — and it's a romp, not a relic
-
'David's got to have a Goliath': Deion Sanders, Colorado prepare for undefeated USC
-
Louisiana man kills himself and his 1-year-old daughter after a pursuit
-
'Monopolistic practices': Amazon sued by FTC, 17 states in antitrust lawsuit
-
A Belgian bishop says the Vatican has for years snubbed pleas to defrock a pedophile ex-colleague
-
This year's COVID vaccine rollout is off to a bumpy start, despite high demand