News & Analysis
News & Analysis

NVIDIA beats estimates

17 February 2022 By Klavs Valters

Share

NVIDIA Corp. reported its fourth quarter financial results after the market close on Wednesday.

The US technology giant reported revenue of $7.643 billion in the previous quarter (up by 53% from a year earlier) vs. $7.42 billion expected.

Earnings per share reported at $1.32 (up 69% from a year earlier and up 13% from the quarter before)  vs. $1.23 per share expected.

The company paid quarterly cash dividends of $100 million in the fourth quarter.

”We are seeing exceptional demand for NVIDIA computing platforms,” founder and CEO of NVIDIA, Jensen Huang said in a statement following the latest results.

”NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields.”

”We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse and NVIDIA DRIVE. GTC is coming. We will announce many new products, applications and partners for NVIDIA computing,” he added.

NVIDIA Corp. (NVDA) chart (daily)

Shares of NVIDIA were little changed at the end of the trading day on Wall Street, up by 0.06% at $265.05 per share. Here is how the stock has performed in the past year –

  • 1 Month: +5.76%
  • 3 Month: -9.40%
  • Year-to-date: -9.86%
  • 1 Year: +77.85%

NVIDIA is the 8th largest company in the world, with a total market cap of $660.65 billion.

You can trade NVIDIA Corp. (NVDA) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: NVIDIA Corp., TradingView, CompaniesMarketCap

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.