![Wall Street is abuzz after the U.S. tech giant Nvidia reported its fourth-quarter earnings o surpassing expectations.](https://san.com/wp-content/uploads/2024/02/CLEAN-Nvidia_Getty-Images_featuredImage_Thu-Feb-22-2024.jpg?w=1920)
WALL STREET IS ABUZZ AFTER U.S. TECH GIANT – NVIDIA (EN-VID-IA) – REPORTED ITS FOURTH QUARTER EARNINGS – SURPASSING EXPECTATIONS AND SHOWING ARTIFICIAL INTELLIGENCE IS VERY MUCH IN DEMAND.
THE COMPANY ANNOUNCING ITS PROFITS GREW TO TWELVE POINT THREE (12.3) BILLION DOLLARS IN THE QUARTER – UP FROM ONE POINT FOUR (1.4) BILLION A YEAR AGO
NVIDIA’S NET INCOME SURGING 769 PERCENT YEAR-OVER-YEAR.
THE CALIFORNIA COMPANY MAKES CHIPS FOR AI SYSTEMS DEVELOPED BY COMPANIES LIKE MICROSOFT AND META.
NVIDIA CURRENTLY ACCOUNTS FOR AROUND 70 PERCENT OF ALL A-I SEMICONDUCTOR SALES.
THE COMPANY SAYING REVENUE FOR THE CURRENT QUARTER IS EXPECTED TO BE 24 BILLION DOLLARS – AN INCREASE OF 233 PERCENT FROM LAST YEAR.