From Nasdaq: 2024-11-21 10:00:00

Nvidia’s highly anticipated financial report exceeded expectations with record revenue of $35.1 billion and adjusted EPS of $0.81. The data center business drove growth, but concerns arose over a sequential dip in gross margin. Despite this, operating expenses increased just 50%, fueling a 103% jump in EPS. The company’s cash stockpile doubled to $38.5 billion. Nvidia’s Blackwell AI architecture is set to begin shipping in Q4 but faces supply constraints. The company expects record Q4 revenue of $37.5 billion, signaling continued growth. However, investors should monitor Nvidia’s reliance on cloud service providers for 50% of Data Center revenue, with potential risks if demand falters.



Read more at Nasdaq: Nvidia Just Delivered a Beat-and-Raise Quarter. There’s 1 Red Flag Investors Shouldn’t Ignore.