Nvidia's latest performance comes out.
Nvidia shares exceed 1000 dollars
On May 22, local time, Nvidia released its latest performance, and several data exceeded expectations. After hours, Nvidia's share price soared, rising more than 6% as of the press release, breaking through $1000, and its potential market value increased by more than $100 billion.
Let's see the details: NVIDIA's adjusted earnings per share in the first fiscal quarter were $6.12, and the expected earnings per share were $5.65; The revenue was 26.044 billion US dollars, expected to be 24.65 billion US dollars, with a month on month growth of 18% and a year-on-year growth of 262%; Net profit was 14.881 billion US dollars, expected to be 12.9 billion US dollars, up 620% year on year.
It is worth noting that this is the third consecutive quarter in which NVIDIA's revenue grew by more than 200% year-on-year.
The revenue of the data center is $22.6 billion, and the expected revenue is $21.13 billion. The game revenue is 2.6 billion US dollars, with an expected 2.62 billion US dollars. The gross profit margin is 78.9%, expected to be 77%.
In addition, Nvidia expects its revenue in the second fiscal quarter to be $28 billion, up or down 2%, while the market expects it to be $26.8 billion.
Shares will be split into 10 shares
From June 10, Nvidia will complete the split of 10 shares. As of the closing of June 6, shareholders on the register can obtain 9 additional shares for each ordinary share, so that employees and investors can hold them at a lower price. The company will also pay dividends to shareholders on the register before June 11 by increasing 150% to $0.01 per share after the split.
During the latest reporting period, Nvidia repurchased a total of US $7.7 billion worth of shares and paid dividends of US $98 million.
Over the past year, Nvidia's share price has risen from more than 100 dollars to nearly 1000 dollars. The split is also conducive to investors' easier access to NVIDIA shares, which is generally regarded as a good thing for the US stock market.
According to analysis, Nvidia's share price has soared 25 times in the past five years, while Alphabet, Amazon and Tesla split their shares in 2022.
Huang Renxun: The next industrial revolution has begun
Huang Renxun, CEO of Nvidia, said that Blackwell architecture chips are expected to bring a lot of revenue this year; Blackwell architecture chips will be delivered in the second quarter and increased in the third quarter; It is expected that the demand for Hopper architecture chips will continue to increase in this quarter.
Earlier, at the opening of Nvidia GTC Conference, Huang Renxun delivered a speech on the theme of "Witness the subversive moment of AI", announcing the launch of a new generation of AI chip architecture Blackwell.
Huang Renxun said that TSMC will use Nvidia's computing lithography platform in production, and Blackwell will become the basis for Amazon, Microsoft, Google and other world's largest data center operators to deploy new computers and other products.
Huang Renxun also said: "The next industrial revolution has begun. Enterprises and countries are working with Nvidia to shift the traditional data center worth trillions of dollars to accelerated computing, and build a new data center AI factory to produce a new kind of commodity AI. AI will bring significant productivity improvements to almost all industries, help enterprises become more cost-effective and energy efficient, and expand income generating opportunities. "
Be cut down by violence
Previously, just as Nvidia was about to announce its performance, heavy news came from the outside. Stanley Druckenmiller, a hedge fund tycoon and founder of Duken Capital Management, believes that AI has become excessively frothy, so in the first quarter of this year, he significantly reduced his holdings of Nvidia shares by 72%. According to the 13-F document of Duke University, the average annual return of Druckenmiller's hedge fund in recent 30 years is 30%.
With the soaring revenue and profits, NVIDIA's share price has risen by more than 500% since the beginning of 2023. It is now the third most valuable company in the world, second only to Microsoft and Apple, which means it will be difficult for the stock to double again.
Editor in charge: Peng Bo
Checked by: Wang Wei
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