The biggest company in the world just produced the biggest quarterly revenue in its history – and investors didn’t really care.
Nvidia’s fourth-quarter numbers, released on Wednesday night, were stunning in every sense of the word. Quarterly revenue climbed by a staggering 73 per cent (another record for the company) to $US68 billion ($95 billion), with gross margins rising to 75.2 per cent. Net income was a record $US39.6 billion, and guidance was well ahead of analyst expectations, with sales set to hit $US78 billion next quarter.
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