Nvidia (NASDAQ: NVDA) has reported significant growth in its performance, finishing the last fiscal year with over $130 billion in revenue, representing triple-digit gains. In the most recent fiscal quarter, revenue rose 69% to $44 billion. The company focuses on artificial intelligence (AI) and has built a diverse portfolio, including enterprise software and platforms for industries such as automobiles and healthcare.
Despite market challenges, including a $4.5 billion charge due to export controls on chip exports to China, Nvidia maintained a gross margin of around 60%, showcasing its profitability. The company aims to lead the impending explosion in the AI market, projected to grow from $300 billion today to $2 trillion in a few years.
Currently, Nvidia’s stock is valued at 34 times forward earnings estimates, a decrease from 50 earlier this year, positioning it as a potentially valuable investment amid its ongoing innovation and growth strategy.
