Nvidia Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance And More
Portfolio Pulse from Chris Katje
Nvidia Corp. (NASDAQ:NVDA) reported Q4 earnings with a revenue of $22.10 billion and EPS of $5.16, surpassing Street estimates. The company's revenue saw a 265% year-over-year increase, with significant growth in the Data Center and Gaming sectors. Nvidia's Q1 revenue guidance of $24.0 billion also exceeds expectations. Shares rose 6% in after-hours trading, with a 40.25% increase year-to-date, outperforming major ETFs like SPY, QQQ, and SOXX.
February 21, 2024 | 9:54 pm
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POSITIVE IMPACT
Nvidia reported a significant beat on Q4 earnings and revenue, with a strong Q1 revenue guidance, driving shares up 6% in after-hours trading.
Nvidia's earnings beat and optimistic Q1 guidance directly impact its stock value, leading to a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Nvidia's year-to-date surge of 40.25% outperforms the iShares Semiconductor ETF, reflecting its significant contribution to the semiconductor industry's growth.
Nvidia's strong earnings and sector performance directly contribute to the semiconductor industry's growth, positively impacting SOXX.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
Nvidia's performance, with a 40.25% year-to-date increase, surpasses that of the Invesco QQQ Trust, highlighting its strong position in the tech sector.
Nvidia's exceptional performance impacts the tech sector positively but has a diluted effect on QQQ due to its diversified tech holdings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nvidia's year-to-date performance of 40.25% outperforms the SPDR S&P 500 ETF Trust, indicating a strong sector-specific rally.
While Nvidia's performance is a positive indicator for the tech sector, SPY's broader market exposure dilutes the direct impact of Nvidia's earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50