Nvidia Soars to New Heights with Record $22B Revenue and 73% Margins
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Nvidia reported blowout Q4 2024 results, with revenue of $22.1 billion, up 265% year-over-year and well above guidance of $20 billion.
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Data center revenue, which includes AI chips, was up over 400% year-over-year to drive growth. Nvidia expects 50%+ data center growth to continue.
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Gross profit margins expanded massively to nearly 73% in FY 2024, and are expected to rise further to 76%+ in Q1 2025.
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Nvidia stock has rocketed higher along with its sales and earnings growth. The valuation looks high at 32x forward P/E but could decrease quickly as earnings expand.
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With growth still accelerating in areas like data center and autonomous driving, Nvidia seems well-positioned as a long-term growth stock.