Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. In the past twelve months, the stock gained about 78%.NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. The company’s stock traded lower early Thursday, after closing the previous session higher. Rea d management/analysts’ comments on Nvidia’s Q4 results GTC is coming. We will announce many new products, applications, and partners for NVIDIA computing,” said Jensen Huang, chief executive officer of Nvidia. “We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse, and NVIDIA DRIVE. Revenues grew 53% annually to $7.64 billion during the three-month period and came in above the estimates, helped by record revenue from the gaming, data center, and professional visualization segments. Net income climbed to $3.0 billion or $1.18 per share from $1.46 billion or $0.58 per share in the fourth quarter of 2021. The graphics chipmaker reported adjusted earnings of $1.32 per share for the January quarter, up from $0.78 per recorded a year earlier. ![]() Both earnings and revenues exceeded Wall Street’s prediction. Nvidia Corporation ( NASDAQ: NVDA) has reported a 53% increase in fourth-quarter revenues, reflecting the strong demand for data-center and gaming chips.
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