Nvidia shares leapt 5.5% pre‑market after the company posted a Q4 revenue surge of 56% YoY and EPS that beat analyst estimates.
The 26.30bn-dollar haul was driven by a 74% jump in data‑center sales and an 18% rise in gaming units, underscoring the AI‑driven demand.
The semiconductor index rose 3% in the same session, showing Nvidia’s outperformance relative to peers.
Morgan Stanley analyst John Smith highlighted the firm’s 42% share of the AI inference market, cementing its dominance.
Nvidia reiterated its Q1 2024 guidance, projecting revenue of $28.5bn and EPS of $5.30, with a shift toward higher‑margin services.