Nvidia’s revenues continued to increase as the company continues to take advantage of the AI boom with its graphic processors for data centers, which constitute the vast majority of the AI accelerator market. NVIDIA income in quarter increased 78% and income From the complete fiscal year of the chips company increased 114% to achieve US $ 130,500 million.
Net earnings during quarter increased to US $ 22,090 million, or 89 cents per diluted action, compared to US $ 12,290 million or 49 cents per share in the same period of the previous year.
These sales correspond to the company’s data centers business, which now represents 91% of the company’s total sales, compared to 83% of a year and 60% in the same period of 2023. In total, the income of the data center has multiplied by ten in the last two years.
“Network revenues amounted to US $ 3 billion, 9% less than a year and 3% less in sequential terms,” said the company in its comment as financial director. This setback is due to the transition to new products, Nvidia said.
Seven of the largest companies that have promoted the majority of the profits of the S&P 500 index in the last two years are having a difficult start by 2025. The Bloomberg Magnificent 7 index, An equal weighting indicator consisting of Apple Inc., Nvidia, Microsoft, Alphabet, Amazon.com Inc., Meta Platforms and Tesla, has fallen more than 10% from a maximum of December, exceeding the threshold that meets the definition of a technical correction.
While Nvidia’s actions have had an upward trend this month, they remain below their levels prior to Depseek. Investors have been more reluctant to buy in this fall than in previous settlements, and coverage funds have sold technology actions lately. It is also the first time since 2022 that Nvidia will report your profits with downward actions since its last report.
