Nvidia once again reported quarterly results that beat Wall Street expectations. The company is seeing soaring demand for semiconductors used to power artificial intelligence applications.
Nvidia reported Wednesday that its revenue nearly doubled in its latest quarter compared to the same period last year. The company said it expects further revenue growth in the current quarter, which ends in January. Investors are watching whether demand for the company’s next-generation AI chip, Blackwell, can sustain the company’s breakneck pace.
The company’s journey to becoming one of the most prominent players in the AI space has produced some impressive numbers. Let’s take a look.
$3,579 billion
Nvidia’s market capitalization led the S&P 500 as of Wednesday’s close. It took over the No. 1 spot from Apple ($3.461 trillion) earlier this week. Microsoft is the only company with a market value of more than $3 trillion ($3,089 billion). A year ago, NVIDIA’s market value was about $1.243 trillion.
195%
As of Wednesday’s close, Nvidia stock is up so far this year. A $100,000 investment in Nvidia two years ago is now worth more than $950,000. The stock price fell about 1% in after-hours trading following the earnings announcement.
twenty five%
As of Oct. 31, NVIDIA alone accounted for only this much of the S&P 500’s gain this year. Nvidia replaced Intel on the Dow Jones Industrial Average earlier this month.
$30.8 billion
Nvidia’s revenue from its data center business rose 112% in the quarter ended Oct. 31 compared to the same period last year. Overall revenue increased 94% year over year to $35.1 billion. By comparison, sales growth across S&P 500 companies is expected to be about 5.5% in the latest quarter, according to FactSet.
$37.5 billion
Nvidia’s estimate for overall fourth-quarter revenue is “plus or minus 2%.” This equates to a range of $36.8 billion to $38.3 billion, compared to Wall Street estimates of $37.1 billion. Last year’s fourth quarter sales totaled $22.1 billion.
$126.5 billion
Analyst estimates for Nvidia’s revenue for the fiscal year ending January 2025. This is more than double its fiscal year 2024 revenue and more than four times its revenue in the prior year.
54.6 billion
The number of Thanksgiving meals Nvidia’s $3.579 trillion market value could buy uses retail intelligence provider Datasembly’s estimated cost of a 15-item meal of $65.51.
