Nvidia (NVDA) has released its Q4 2024 results, revealing impressive financial performance. The company reported Q4 revenue of $39.33 billion, a 78% year-over-year increase and surpassing its previous guidance of $37.5 billion. Adjusted earnings were $0.89 per share, up 71% from the previous year. Nvidia’s data center business was a significant contributor, with revenue reaching $35.6 billion, accounting for nearly 91% of total revenue. Despite these achievements, Nvidia’s growth rate is slowing, with revenue increases of 94% in Q3 and 122% in Q2. Gross margins also declined by 3% year over year to 73%. Looking ahead, Nvidia forecasts Q1 fiscal 2026 revenue at $43 billion, slightly below analyst expectations, and projects an adjusted gross margin of 71%. While Nvidia’s stock price dipped post-announcement, CEO Jensen Huang emphasized the growing demand for AI computing power, suggesting future growth potential. Investors are encouraged to consider Nvidia’s long-term prospects despite current challenges. — news from The Motley Fool
