(Boursier.com) — Nvidia peaked 1% before market on Wall Street this Monday, at $934, very close to its historic peaks. The stock has gained more than 90% this year and tripled over 12 months, with the continuing enthusiasm around artificial intelligence, a field in which Jensen Huang’s group is the key player. Nvidia will announce its financial results for the first fiscal quarter on Wednesday evening, after trading on Wall Street. The consensus is $5.57 in adjusted earnings per share and $24.6 billion in revenue for the period. It reached $5.92 in adjusted EPS and $26.6 billion in revenue for the following quarter.
The graphics and AI chip giant easily beat the consensus for the previous quarter, posting adjusted earnings per share of $5.16 compared to a consensus of $4.60, for revenues of $22.1 billion. dollars compared to a market consensus of 20.4 billion. Data center revenues were 18.4 billion, much higher than the consensus of 17.2 billion and up more than 400% from the previous year. Quarterly net profit soared by almost… 770% to $12.3 billion. The Santa Clara group thus achieved a turnover for the fourth quarter ended January 28, 2024 of 22.1 billion dollars, up 22% compared to the previous quarter and… 265% compared to Last year. For fiscal 2024, revenue increased 126% to $60.9 billion. Non-GAAP earnings per diluted share were $12.96, up 288%.
For the first fiscal quarter, the group then envisaged, in February, during the previous quarterly publication, revenues of 24 billion dollars, plus or minus 2%. Adjusted gross margin was expected at 77%, plus or minus 50 basis points. The question is therefore whether Nvidia will still manage to clearly beat the consensus on Wednesday and convince Wall Street of its ability to maintain its dominance in AI chips and thus continue its growth at a sustained pace.
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