Nvidia and Meta Platforms Report Impressive Earnings Growth
Nvidia (NASDAQ: NVDA) reported a significant revenue increase, generating $68.1 billion in the fourth quarter of its 2026 fiscal year, marking a 73% year-over-year rise. For the entire fiscal year, the company achieved total revenues of $215.9 billion. CEO Jensen Huang anticipates at least $1 trillion in data center product sales by 2027. Despite its massive market cap, Nvidia trades at 22 times forward earnings, making it competitively valued against peers like Alphabet and Advanced Micro Devices.
Meanwhile, Meta Platforms (NASDAQ: META) experienced a 24% increase in revenue, reaching $59.9 billion, primarily driven by advancements in its ads business that led to an 18% rise in ad impressions. The company projects capital expenditures of up to $135 billion this year to boost its AI infrastructure, despite a recent delay in launching its next AI model, Avocado.
