From Nasdaq:

Nvidia (NASDAQ: NVDA) exceeded revenue guidance for the third consecutive quarter, reporting $22.1 billion in sales for the fiscal 2024 fourth quarter, a 265% increase year-over-year. Data center revenue spiked over 400%, driving growth as management forecasts $24 billion in total sales for the current quarter. Gross profit margin improved to nearly 73% in fiscal 2024 and is expected to rise to over 76% in the fiscal 2025 first quarter. Despite a high forward P/E multiple, Nvidia’s accelerating growth potential, especially in areas like self-driving vehicles, makes it a compelling investment option.



Read more at Nasdaq: This 1 Chart Shows Why Nvidia Is the Top “Magnificent Seven” Stock to Hold Forever