Dutch Masters, CEO of Carnivore Trading, said investors should use the Craman Countdown to gauge the breadth of the market.
Artificial intelligence giant Nvidia released its long-awaited fourth-quarter earnings report on Wednesday, showing a big jump in quarterly revenue from a year ago and reassuring investors that the company’s AI edge is alive and well. I did.
NVIDIA’s revenue for the fourth quarter ended Jan. 28 rose 265% year-over-year and 22% sequentially to total $22.1 billion, beating analysts’ estimates of $20.6 billion. His Nvidia revenue for fiscal year 2024 increased by 126% to $60.9 billion.
“Accelerated computing and generative AI have reached a tipping point. Demand is surging across companies, industries, and nations around the world,” said Jensen Huang, founder and CEO of Nvidia. .
Nvidia’s fourth-quarter profit beat Wall Street expectations thanks to the generative AI boom. (Photo by Ahmet Serdar Eser/Anadolu, Getty Images/Getty Images)
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