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- NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
Bay Area Times
February 22, 2024
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Top stories today:
- NVIDIA's revenue +265% YoY to $22.1B in Q4
- Google launches Gemma, open-source small language models (2B, 7B)
- Google One AI Premium available for public
- Fed minutes reveal discomfort with premature cuts
- Japan’s Nikkei index surpassing 1989 record, +2% to 39,098
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. NVIDIA sees revenue +265% YoY to $22.1B in Q4, becomes #4 company in market cap
$24B guidance forecast for Q1, much above $21.9B expected.
NVIDIA’s net profit was +491% YoY to $12.8B, a record 58% margin, as NVIDIA is able to charge high prices for its AI chips, with little competition
Nvidia stock +13% in the pre-market, pricing in a $1.91T market cap, the world’s #4 most valuable company
Microsoft, Apple, and Saudi Aramco are still the top 3, with NVIDIA surpassing Alphabet and Amazon to become #4.
2. Google launches Gemma, open-source small language models (2B, 7B)
Gemma outperforms Meta’s Llama-2 in most benchmarks, according to Google:
Comparable to Mistral’s 7B model.
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