Buying Nvidia Stock (NVDA) After Earnings · Invest & Retire Community

Buying Nvidia Stock (NVDA) After Earnings

Nvidia reported record revenues of $130 billion for the fiscal year 2024, a dramatic increase of 114% year-over-year. The company also achieved an earnings per share (EPS) of $2.94, reflecting a 147% increase from the previous year, adjusted for a 10-for-1 stock split. The data center segment emerged as Nvidia’s primary revenue driver, accounting for 88% of total revenues, with figures hitting $115 billion—a staggering 142% increase year-over-year. This performance outstripped Amazon Web Services (AWS), which generated $108 billion in the same period, indicating Nvidia’s robust presence in the data center market.

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