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Nvidia shares pop on Q4 earnings, generative AI "hits tipping point"

Posted on AllSides February 21st, 2024
From The Left
Jakub Porzycki/NurPhoto via Getty Images

Nvidia's stock popped after hours following its latest earnings report, which showed the AI boom is still booming.

By the numbers: Revenue from the chip maker's data center unit, which fuels AI efforts for thousands of organizations, reached $18.4 billion in its fourth quarter compared to analyst expectations of about $17.1 billion and up about 409% from $3.6 billion last year in the same period.

Total revenue for the fourth quarter was $22.1 billion, up 22% from the previous quarter and up 265% from a year ago.

What they're saying:...

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