Nvidia Corp. has just given the world the details of its historic financial year. Its reward: Expectations that the chip maker will accomplish something that has never been done before. When Nvidia
NVDA,
+2.20%
wrapped up its fiscal year with an earnings report last week, the astounding numbers sent the stock to records and boosted indexes to their own all-time highs. The market capitalization of the company is hovering around $2 trillion and its stock has increased by nearly 1,900% in the last five years.
But if you think closely about a few of the numbers that were included in Nvidia’s recent financial report, you will realize just how incredible Nvidia’s last financial year turned out. It really is one for the record books. Nvidia in its 2024 fiscal year produced profit of $29.76 billion, a feat in and of itself. But that number is even more mind-blowing when compared with Nvidia’s past performance: The chip maker had never produced an annual revenue total that high in its 25 years as a public company, with sales topping out the previous year at $26.97 billion.
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NVDA,
+2.20%
wrapped up its fiscal year with an earnings report last week, the astounding numbers sent the stock to records and boosted indexes to their own all-time highs. The market capitalization of the company is hovering around $2 trillion and its stock has increased by nearly 1,900% in the last five years.
But if you think closely about a few of the numbers that were included in Nvidia’s recent financial report, you will realize just how incredible Nvidia’s last financial year turned out. It really is one for the record books. Nvidia in its 2024 fiscal year produced profit of $29.76 billion, a feat in and of itself. But that number is even more mind-blowing when compared with Nvidia’s past performance: The chip maker had never produced an annual revenue total that high in its 25 years as a public company, with sales topping out the previous year at $26.97 billion.
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