Nvidia skyrockets on Q4 beat
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 22 February 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, February 22nd. I'm Julie Morgan. |
| 0:13.4 | Invidia lives up to the hype. |
| 0:15.6 | Reddit has reportedly reached an agreement with Google, |
| 0:18.7 | and the company formerly known as Weight Watchers |
| 0:21.2 | is facing backlash after a GLP1 promotion. |
| 0:25.0 | Invidia is nearly 13% higher in pre-market action as the company once again |
| 0:31.0 | surpassed expectations on its fourth quarter fiscal 2024 financial results. |
| 0:37.0 | During the earnings call executives detailed a list of companies and industries embracing |
| 0:42.0 | NVIDIA's generative AI providing a never-ending deluge of demand. |
| 0:47.3 | The company's founder and CEO said generative AI is enabling a new way to create software. He said this is enabling a new way to create software. |
| 0:53.0 | He said this is enabling a whole new industry and driving their growth. |
| 0:58.0 | He went on to say that NVIDIA is diversifying into new industries like auto, health, robotics, and financial services. |
| 1:06.0 | He said a collection of multi-billion dollar industries are embracing generative AI. |
| 1:11.6 | He also anticipates AI generation factories evolving in every |
| 1:15.9 | industry. Also on the conference call and Vidia's chief financial officer said |
| 1:20.7 | one of the most notable trends of the past year is the adoption of AI by industries. |
| 1:26.0 | She went on to say that almost 80 vehicle manufacturers are using |
| 1:30.3 | NVIDIA's AI structure for autonomous driving and other applications. |
| 1:35.4 | She said they're expecting this to continue to grow. |
| 1:38.4 | Looking to the first quarter of fiscal 2025, |
| 1:41.6 | Invidia expects to generate $24 billion in revenue, plus or minus 2%. |
... |
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