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The appreciation of the North American company has been so important that it is also considered one of the “heavyweights”, having dethroned Tesla as the most traded company on the New York Stock Exchange.
Nvidia once again surpassed itself by announcing revenues of 22.1 billion dollars last year, an increase of 256% compared to 2022. In this way, the semiconductor company exceeded market expectations, which expected revenues in the order of 20.41 billion dollars, expecting a slight slowdown in the hype.
Even more surprising were the profits achieved by the company: 12.29 billion dollars, an annual increase of 769%. In quarterly terms, this is a growth of 33%.
These are great values for the company led by Jensen Huang, which has seen its value skyrocket significantly in the last year due to chips and also Artificial Intelligence (AI), in addition to the partnerships it has established with the big ones on Wall Street.
In fact, the appreciation of the North American company has been so important that it is also considered one of the “heavyweights”, having dethroned Tesla as the most traded company on the New York Stock Exchange, and already belonging to the ‘Magnificent Seven’ .
Four years ago, the company made ‘only’ three billion dollars.
“Accelerated computing and generative AI have passed the boiling point. Demand is skyrocketing worldwide, in all companies, industries and countries”, pointed out the founder and CEO of Nvidia in the statement revealing the results.
Jensen Huang recalls that there has been a high demand for data processing and cloud and processors, as well as business software, from all types of industries. “Nvidia RTX, launched less than six years ago, is now a massive PC platform for generative AI, enjoyed by 100 million gamers and creators. The coming year will bring important new product cycles with exceptional innovations to help drive our industry forward,” he said.
The volume of chips marketed to data centers was 18.4 billion dollars, a value that exceeded the 17.2 billion expected by analysts. This value translates into an increase of 12.5 billion compared to the previous year. Video games also helped the numbers: sales volume reached 2.9 billion, compared to 2.7 billion, that is, an annual increase of 58%.
Now, this strong performance allowed Nvidia to increase its gross margin, which went from 66% to 76.7%, above the 75.4% estimated by the market. Also the cash-flow increased by ten billion compared to 2022, reaching 11.22 billion dollars.
Expenses grew less than expected, even though demand increased costs by 25% annually to US$2.21 billion. In this way, Nvidia is increasing sales, but is managing to control costs, considered by many to be the ‘Achilles’ heel’ in the business world.
