In a remarkable display of growth and innovation, Nvidia's Q4 revenue soared a staggering 265% year-over-year, reaching an impressive $22.1 billion. The company's profitability also excelled, with Q4 profits hitting $12.3 billion. The full-year revenue painted a similarly impressive picture, rising by 126% year-over-year to reach $60.9 billion.
A standout highlight for Nvidia was the exceptional performance of its datacenter division, with Q4 datacenter revenue skyrocketing by 409% year-over-year to $18.4 billion. Over the full year, datacenter revenue climbed by 27% year-over-year to an impressive $47.5 billion.
Looking ahead to Q1, Nvidia's forecast predicts a continued upward trajectory, with revenues expected to surge by 233% year-over-year to around $24 billion, give or take 2%. These projections underscore Nvidia's consistent growth and its ability to meet and exceed market expectations.
At the close of the last trading session, Nvidia's market capitalization stood at an impressive $1.7 trillion, underscoring the market's confidence in the company's future prospects. Despite challenges from competitors seeking alternative solutions, Nvidia remains at the forefront of technology advancements, leveraging its superior chip technology and offering customized ASIC solutions to meet the unique needs of its diverse customer base.
As Nvidia continues to outpace the competition and drive innovation in the semiconductor industry, it remains a formidable force to be reckoned with, solidifying its position as a market leader in the ever-evolving tech landscape.
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