Nvidia's 4Q revenue, profit soar thanks to demand for its chips …

Feb 22, 2024 · Nvidia's 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence FILE - A Nvidia office building is shown in Santa Clara, Calif., May 31, 2023. …

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Nvidia's 4Q Revenue, Profit Soar Thanks To Demand For Its Chips …

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Feb 22, 2024 · The leap came after Morgan Stanley analysts raised their price target on Nvidia's stock to $750 from $603, citing an increase in demand for AI chips. Nvidia's shares jumped …

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Nvidia's 4Q Revenue, Profit Soar Thanks To Demand For Its Chips …

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Feb 21, 2024 · Nvidia reported revenue for its fiscal fourth quarter that ended Jan. 28 of $22.1 billion, up from $6.05 billion. Adjusted for one-time items, Nvidia earned $5.16 a share in the …

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Aspeed Posts Bullish Outlook On AI - Taipei Times

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2 days ago · During the first 10 months of this year, Aspeed has witnessed annual growth of 104 percent in revenue to NT$5.04 billion (US$155 million), significantly outpacing its earlier …

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FAQs about Nvidia's 4Q revenue, profit soar thanks to demand for its chips … Coupon?

How much did Nvidia make in Q4?

Nvidia’s revenue for its fiscal fourth quarter was $22.1 billion, up from $6.05 billion. The company based in Santa Clara, California, earned $12.29 billion, compared to a profit of $1.41 billion a year ago. ...

How much revenue does Nvidia expect?

For the current quarter, Nvidia expects revenue of about $24 billion. Analysts are currently expecting Nvidia to post revenue of $22.2 billion for the February-April period. The company expects “continued growth” to 2025 and beyond. ...

Why has Nvidia soared to $750?

The leap came after Morgan Stanley analysts raised their price target on Nvidia’s stock to $750 from $603, citing an increase in demand for AI chips. “Generative AI has kicked off a whole new investment cycle to build the next $1 trillion of infrastructure of AI generation factories,” Huang said. ...

Why did Morgan Stanley raise Nvidia's price target?

The leap came after Morgan Stanley analysts raised their price target on Nvidia’s stock to US$750 from US$603, citing an increase in demand for AI chips. Nvidia Corp. posted stronger-than-expected results for the fourth quarter, with its revenue more than tripling from a year earlier. Read on. ...

What challenges does Nvidia face?

Bourne said Nvidia faces a number of challenges, including broader economic uncertainty, tech giants’ drive to make their own AI chips and emerging rivals. But he said the company's market strength, for the near future, is “durable” For the current quarter, Nvidia expects revenue of about $24 billion. ...

Could NVIDIA chipsets be tweaked for AI-related applications?

Huang looked at ways that Nvidia chipsets known as graphics processing units might be tweaked for AI-related applications to expand beyond their early inroads in video gaming. Nvidia relies heavily on the world's biggest maker of computer chips, the Taiwan Semiconductor Manufacturing Company, to churn out the chips that Nvidia designs. ...