Nvidia once again posted quarterly results that exceeded Wall Street forecasts. The company has seen increased demand for its semiconductors, which are used to power artificial intelligence applications.
Nvidia reported on Wednesday that growth nearly doubled in the latest quarter compared to the same period a year earlier. The company expects further revenue growth in the current quarter ending in January. Investors will be watching to see if demand for the company’s next-generation AI chip Blackwell can help maintain the red-hot momentum.
The company’s journey to become one of the most prominent players in AI has produced some eye-popping numbers. Here’s a look.
$3.579 trillion
Nvidia’s total market capitalization topped the S&P 500 as of Wednesday’s close. It regained the No. 1 game from Apple ($3.461 trillion) earlier this week. Microsoft is the only other company with a market value greater than $3 trillion ($3.089 trillion). A year ago, Nvidia’s market value was around $1.243 trillion.
195%
Nvidia’s stock price has risen so far this year by the close of trading on Wednesday. A $100,000 investment in Nvidia two years ago would be worth more than $950,000 now. Shares fell about 1% in after-hours trading after the company’s earnings release.
25%
As of Oct. 31, how much of the S&P 500’s gain for the year can be attributed to Nvidia alone? Nvidia replaced Intel in the Dow Jones Industrial Average earlier this month.
$30.8 billion
Nvidia’s revenue from its data center business for the quarter ended Oct. 31 was up 112% from a year ago. Total revenue rose 94 percent to $35.1 billion from a year ago. By comparison, revenue growth for all companies in the S&P 500 is expected to be about 5.5% for the most recent quarter, according to FactSet.
$37.5 billion
Nvidia estimates for fourth-quarter gross revenue, “plus or minus 2%.” That translates to a range of $36.8 billion to $38.3 billion, compared to Wall Street’s estimate of $37.1 billion. Revenue in the year-ago fourth quarter was $22.1 billion.
$126.5 billion
Analysts estimate Nvidia’s earnings for the fiscal year ending January 2025. This will more than double its revenue for fiscal year 2024 and quadruple the previous year’s receipts.
54.6 billion
The number of Thanksgiving meals anyone can buy with Nvidia’s market value of $3.579 trillion, using the estimated cost of a 15-item meal from retail intelligence provider Datasembly, is $65.51.
