Nvidia Exceeds Investor Expectations

The American technology firm renowned for its graphics processors and system-on-chip solutions experienced substantial revenue growth in the last quarter of 2024.

Profits surged by 78% compared to the same period in 2023. As a leading player in visual computing, the company achieved $39.3 billion in revenue, surpassing all analyst forecasts.

Jacob Falkenkron, global head of investment strategy at Saxo Markets, noted, “Nvidia's quarterly sales have now exceeded its total annual revenue in only two years. However, with the stock already reflecting expectations of exceptional growth, investors were anticipating even higher returns.”

Investor sentiment declined with the arrival of Chinese startup DeepSeek, which rapidly dominated the market and drove down the stock prices of IT giants. However, neither DeepSeek’s sudden emergence nor the cancellation of lease agreements with regular client Microsoft has significantly impacted Nvidia’s data centre revenue—at least for now. CEO Jensen Huang stated that DeepSeek’s presence has only increased interest in Nvidia’s innovative Blackwell processor. Consequently, the company maintains a market share of over 90% in the graphics processor market.