THE quarterly results of Nvidia, have exceeded the expectations of the market and the guidance, but the trend of the title In the After Hours exchanges of the US Stock Exchange has not satisfied Investors, since the prices dropped by 1.5% below 130 dollars. A crime that cannot be explained with the quarterly numbers and which refers rather tohigh capitalization achieved And the lack of a surprise effect, when growth rates are always unquestionably high.
The numbers of the 4th quarter
The big name of the chips for artificial intelligence closed the fourth quarter with revenues for 39.33 billion dollars, an increase of 78% Compared to the same period of the previous year, overcoming the Consensus estimates that indicated a turnover of 38.05 billion dollars.
A performance that was supported by strong question for artificial intelligence, in particular for the Blackwellthe chip for the AI of 0nuova generation, which has scored 11 billion in turnover and by the strong demand of the Data Center (+93% year on year). These results led to an annual record of over 130, billions of dollars, increased by 114%.
Net profit has risen to 22.09 billion dollars, equal to 89 cents per share, up 80% compared to 12.29 billion, or 49 cents per action, of the previous year.
Robust outlook but does not impress
Robust outlook for the current quarter. The financial director Colette Kress He said that the company provides for “a significant increase” sales by Blackwell in the first quarter and for this anticipates a turnover of 43 billion dollars In the 1st quarter 2025, higher than the LSEG estimates of 41.78 billion.
The forecasts for the first quarter imply one Solid annual growth equal to about 65%, albeit in slowing down compared to the explosive growth of 262% recorded the previous year.
The factors that weigh on the title
Faced with these numbers, the trend of the title last night surprised the observers. A performance that, rather than linked to numbers, would seem to be spoiled by other factors. But let’s see what experts think about it.
According to Josh Gilbert, analyst of eToro“A weakness point could be the Guidance on the margins for the next quarter “, which are”compressive At a time when the company is introducing new and more complex products on the market “.
Davide Pascucci, analyst of XTBknown as “The quarterly of the big tech of the past few weeks, we have not seen a coincidence between market movements and quarterly result”. The correlation between results and performance is broken – explains the expert – The trend of the big tech would be connected to capitalization market which, in the case of Nvidia, it is “excessive” compared to the average market market. “In the case of Nvidia, the state of health of the company is not discussed, but the capitalization of the company is absolutely subject to important questions by the operators who in fact would certainly like to invest, but not to these price levels,” he concludes.
Ipek Ozkaderskaya, Senior Analyst also by Swissquotetalks about the difficulty of continuing to impress the market and the very high capitalization achieved. According to the expert, in fact, “it is becoming increasingly difficult to impress investors with minor revenue” and “The evaluation today is quite high”even if in the end Nvidia “is not exaggeratedly dear (PE report around 50)” and could represent “an interesting purchase opportunity for long -term investors”.
