NVIDIA Reports Record Financial Results for Q4 and Fiscal 2024

Unveiling Strong Growth and Innovation

Exceptional Revenue and Growth Highlights

NVIDIA Corporation (NASDAQ: NVDA) released its financial results for the fourth quarter and fiscal year 2024, showcasing impressive revenue growth and unwavering innovation. The company achieved record quarterly revenue of $22.1 billion, marking a 22% increase from the previous quarter and a remarkable 26.5% surge year-over-year. This unparalleled growth cements NVIDIA's position as a leader in the rapidly evolving tech industry.

During the fourth quarter, NVIDIA's Data Center and Gaming segments exhibited exceptional performance, driving the company's overall success. The Data Center segment, a key revenue generator for NVIDIA, experienced a 21% increase in revenue compared to the previous quarter and a staggering 46% rise from the same period last year. This remarkable growth reflects the increasing demand for NVIDIA's advanced solutions in the rapidly expanding data center market.

The Gaming segment, another major contributor to NVIDIA's financial performance, reported a revenue increase of 17% from the previous quarter and 48% from the same quarter last year. This growth is attributed to the launch of new GeForce RTX 40 Series graphics cards and continued demand for NVIDIA's graphics processing units (GPUs) in the rapidly growing gaming industry.