FMP
May 23, 2024 2:51 PM - Davit Kirakosyan
Nvidia's (NASDAQ:NVDA) strong performance in the first quarter exceeded Wall Street expectations, largely due to high demand for AI-driven solutions in its data center segment. The company provided optimistic guidance for the current quarter and announced a ten-for-one stock split. Following the announcement, Nvidia's stock rose by over 7% in pre-market today.
The company's adjusted earnings were $6.12 per share on $26.04 billion in revenue, surpassing analysts' predictions of $5.58 per share on $24.53 billion in revenue.
The impressive results were driven by a 427% increase in data center revenue, reaching $22.56 billion, exceeding the expected $21.32 billion. This surge was attributed to strong demand for Nvidia's Hopper GPU computing platform, which supports large language models, recommendation engines, and generative AI applications.
For Q2, Nvidia projects revenue of $28 billion, plus or minus 2%, above the anticipated $26.54 billion. Additionally, Nvidia announced a ten-for-one stock split to be implemented on June 7, aimed at making its shares more accessible to employees and investors. The company also raised its quarterly cash dividend by 150% to $0.10 per share.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...