Welcome to our live coverage of the much awaited quarterly results report from Nvidia (NVDA). The chipmaker, a major force in the AI revolution, has routinely outperformed the market in recent quarters, and investors are expecting again another impressive showing this Wednesday.
CEO Jensen Huang and other executives will present the results on a conference call at 5:00 p.m. ET, just after the stock market closes.
Join us for in-depth analysis of the earnings report, observations from the conference call, and real-time market response to what is regarded as the most important earnings announcement of the quarter.
The Stock Price of Nvidia Reacted to the Most Recent Earnings Reports
Nvidia's stock price has increased dramatically as a result of its two 2024 earnings releases greatly exceeding market expectations.
The day after the chipmaker revealed record quarterly revenue, earnings, and a 10-for-1 stock split, on May 23, shares shot up more than 9%. almost the next two weeks, there was an increase of almost 27%, after this initial spike.
Even more striking were the fourth-quarter results for the fiscal year 2024, when shares surged 16% in a single day, raising the company's market value to a record $272 billion. Nvidia's market worth increased to almost $300 billion by the end of the week, and in just two weeks, its shares had increased by more than 30%.
The day after the chipmaker revealed record quarterly revenue, earnings, and a 10-for-1 stock split, on May 23, shares shot up more than 9%. almost the next two weeks, there was an increase of almost 27%, after this initial spike.
Even more striking were the fourth-quarter results for the fiscal year 2024, when shares surged 16% in a single day, raising the company's market value to a record $272 billion. Nvidia's market worth increased to almost $300 billion by the end of the week, and in just two weeks, its shares had increased by more than 30%.
Still, Wall Street hasn't always been satisfied with impressive results. Despite reporting quarterly revenue that above projections by over $2 billion, Nvidia's shares plummeted in late November 2023 as worries about limits on semiconductor shipments to China took precedence.