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Nvidia revenues hit $39.3B, up 78% in FYQ4 — with no sign of slowdown (updated)
- Nvidia reported revenue of $39.3 billion for FYQ4, up 78% from last year, with a GAAP EPS of 89 cents.
- The stock price rose to $132.87, exceeding analysts' estimates, with a market value of $3.16 trillion.
- Investors became concerned about Nvidia's position after news of competitive AI models at lower costs emerged.
- Nvidia's CEO highlighted the demand for Blackwell AI supercomputers and future opportunities in AI.
- The company expects Q1 FY2025 revenue to be $43.0 billion, with strong gross margins and operating expenses.
- Nvidia secured partnerships for AI technologies with major cloud service providers like AWS and Microsoft.
- It announced collaborations with Verizon, Siemens Healthineers, and industry leaders to advance healthcare and AI applications.
- New offerings like the GeForce RTX 50 Series and DLSS 4 were introduced to enhance gaming experiences.
- Nvidia unveiled Project DIGITS, NVIDIA Media2, and Nvidia Cosmos to expand AI capabilities across various sectors.
- In the automotive sector, Nvidia saw revenue growth, partnerships with Toyota and Hyundai, and advancements in autonomous driving systems.
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