After the lull inflicted by China's DeepSeek AI, which showed excellent results with fewer chips, Nvidia, one of the biggest names and needles to say benefactors from the AI wave, appears to be charting a path to return.
Nvidia Delivers Bumper Results
In the previous weeks, before the results, the company shares looked to steady the ship.
Meanwhile, the results bettered the company's prospects furthermore. The company presented Q4 results, which beat analysts' expectations.
The company sales grew by a monumental 78 per cent.
Revenue Beats Estimates
In addition, the revenue attained in the last quarter of the previous year also increased, once again going past estimates.
The company accrued total revenue of USD 39.33 billion in the quarter that concluded in December 2024, compared to USD 38.05 billion estimates. The makers of the Blackwell chips also saw their net income increase to USD 22.09 billion.
These developments come at a time of concern over the extensive deliverability and diminishing force of the hype around AI and its capabilities. More than capabilities, it is also about the waning patience of Wall Street as it waits for a major breakthrough. | Representativ pic
In this USD 11 billion of the total revenue was generated from sale of Blackwell chips alone.
These developments come at a time of concern over the extensive deliverability and diminishing force of the hype around AI and its capabilities. More than capabilities, it is also about the waning patience of Wall Street as it waits for a major breakthrough.
Nvidia Shares Rise
When we talk about the progress of Nvidia shares in the recent past, just in the past session on Wednesday, Nvidia shares opened higher than its previous closing at USD 129.98.
Further, the shares continued to trade in green before closing at USD 131.28. This came to pass after a massive hike of 3.67 per cent or USD 4.65 in the total value of the company shares.
When we look largest companies in terms of market capitalisation, Nvidia strengthened its position as the second biggest company with an overall market cap of USD 3.215 trillion, right behind Apple with USD 3.610 trillion.
