From Nasdaq: 2024-06-06 06:14:00

Nvidia (NASDAQ: NVDA) reported impressive fiscal 2025 first-quarter results, with revenue soaring by 262% to $26 billion and earnings jumping 461% to $6.12 per share, surpassing Wall Street expectations. The data-center business, responsible for 87% of Nvidia’s revenue, saw a remarkable 427% revenue increase in the AI chip market.

Nvidia’s professional-visualization business, including sales of professional graphics cards and the Omniverse platform, experienced strong growth with revenue rising to $427 million. Customer base, including Mercedes-Benz and BMW, is expanding, and Nvidia plans to offer Omniverse as a platform-as-a-service.

Capitalizing on the industrial digitalization trend, Nvidia is introducing cloud-based APIs to integrate software for creating digital-twin applications. The digital-twin market could generate $240 billion in revenue in 2035, providing significant growth prospects for Nvidia’s professional-visualization business.

Nvidia estimates a substantial $150 billion revenue opportunity from its Omniverse enterprise-software platform and related hardware. With a total addressable market of $1 trillion across all businesses and revenue expected to double to $120 billion, Nvidia remains a high-growth company poised for future success.

The Motley Fool Stock Advisor analysts have identified 10 best stocks for investors to buy now, not including Nvidia. Considered a growth stock, Nvidia could offer significant returns in the long run, making it an attractive investment option. Stock Advisor has a track record of outperforming the S&P 500 since 2002.



Read more at Nasdaq: Prediction: This Could Be Nvidia Stock’s Next Massive-Growth Opportunity