NVIDIA once again dominates the field! Analysts exclaim, "The moment of throwing wheat," once again confirming the AI revolution.
We are still in the early stages of the first wave of AI infrastructure.
In the fourth quarter, both revenue and profit of NVIDIA surged year-on-year, exceeding expectations, impressing Wall Street once again.
Wedbush analyst Dan Ives believes that this is a new "Apple moment," where Jensen Huang has stunningly proven his position as the "Father of AI."
Ives also stated:
The AI revolution is here.
Senior technology analyst and managing partner of Deepwater Asset Management, Gene Munster, believes that this is just the first of many AI "waves" that will drive NVIDIA's stock price higher.
Munster wrote in an article on the X platform that in the long term, NVIDIA's strong growth is still ongoing.
We are still in the early stages of the first AI infrastructure wave, selling products to large-scale data centers and AI startups.
"Generative AI has reached a tipping point" "Demand for next-generation products far exceeds supply"
The financial report released on Wednesday local time showed that NVIDIA's fourth-quarter revenue surged by 265% year-on-year to $22.1 billion, exceeding analysts' expectations of $20.41 billion, with quarterly revenue even surpassing the full year of 2021. The largest revenue source is the data center sector, with fourth-quarter revenue reaching $18.4 billion, a staggering 409% increase year-on-year.
NVIDIA's revenue and profit have set historical records for three consecutive quarters, with a 126% increase in revenue for the full fiscal year 2024.
"The acceleration of computing and generative AI has reached a tipping point. Demand from companies, industries, and countries around the world is surging," Jensen Huang said during the later earnings call. "Our data center platform is being driven by increasingly diverse factors, whether it's data processing, training, and inference needs from large cloud service providers and specialized GPU providers, or demands from enterprise software and consumer internet companies. The first vertical industries such as automotive, financial services, and healthcare have now reached a scale of billions of dollars."
Jensen Huang promised:
The coming year will bring significant new product cycles with outstanding innovation to drive the AI industry forward.
NVIDIA CFO Colette Kress stated that current GPU supply is improving, with strong demand. She expects that the market demand for the company's next-generation products will far exceed supply levels, as "building and deploying AI solutions have touched nearly every industry."
According to NVIDIA's previous disclosure, the company's next-generation "nuclear-grade" AI chip, the B100, is expected to be released in the coming quarters.
As investors digest this explosive data, NVIDIA rebounded after hours, with gains exceeding 10%.Before announcing strong earnings report on Wednesday, NVIDIA's stock price has surged by about 40% so far this year, driving the S&P 500 index up by about 30%. In the past year, NVIDIA's stock price has increased by over 200%.