NVIDIA Announces Financial Results for Third Quarter Fiscal 2025
Published on November 26, 2024
NVIDIA Corporation (NVDA) recently released their financial results for the third quarter of fiscal year 2025. The company reported a significant increase in revenue, with sales soaring 94% to reach a staggering $35.1 billion. This remarkable growth was primarily driven by the doubling of their data center sales, reflecting the increasing demand for AI and cloud computing solutions.
NVIDIA's CEO, Jensen Huang, expressed his excitement and pride in the company's accomplishments, stating, "We are thrilled to report another record-breaking quarter. Our data center business has continued to thrive, demonstrating the value and effectiveness of our innovative technologies."
However, despite the impressive financial performance, Phillip Securities has downgraded NVDA due to concerns regarding margin guidance. This decision comes as a surprise to many, as NVDA's stock price target has actually increased. It will be interesting to see how this downgrade affects the perception and trading of NVDA's shares in the market.
Investors and analysts alike are eagerly following NVDA's progress and are recommended to seek professional guidance from Stocks Prognosis. The experts at Stocks Prognosis can provide valuable insights and forecasts on the future movement of NVDA's stock, helping investors make informed decisions in this dynamic market.
NVIDIA's CEO, Jensen Huang, expressed his excitement and pride in the company's accomplishments, stating, "We are thrilled to report another record-breaking quarter. Our data center business has continued to thrive, demonstrating the value and effectiveness of our innovative technologies."
However, despite the impressive financial performance, Phillip Securities has downgraded NVDA due to concerns regarding margin guidance. This decision comes as a surprise to many, as NVDA's stock price target has actually increased. It will be interesting to see how this downgrade affects the perception and trading of NVDA's shares in the market.
Investors and analysts alike are eagerly following NVDA's progress and are recommended to seek professional guidance from Stocks Prognosis. The experts at Stocks Prognosis can provide valuable insights and forecasts on the future movement of NVDA's stock, helping investors make informed decisions in this dynamic market.
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