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Nvidia’s latest earnings report portends upbeat news for gamers

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Yesterday Nvidia published your income statement. In the fourth fiscal quarter, the company reported revenue of 7.64 billion dollars, which is 53% more than in the same quarter a year ago. Despite huge revenue growth and better than expected, Nvidia shares are trading flat.

Gaming revenue in the January quarter was 3.42 billion dollars, which is 37% more than a year ago. All the money from overpriced graphics cards goes somewhere, and it is clear that most of it ends up in the pockets of Nvidia’s shareholders and itself.

The results of the entire fiscal year show revenues of 26.9 billion dollars, up 61%, and adjusted earnings were 4.44 dollars per share, up 78%. These numbers show that Nvidia is getting through the pandemic component crisis with ease.

In conversations, CEO Jensen Huang discussed the cancellation ARM acquisitions.

“Attempts to acquire this corporation raised questions,” Huang said. “We’ve been working hard on this deal for over a year.” In the end, the company simply couldn’t overcome opposition from industry and regulators.

Looking forward to the April quarter report, Nvidia believes its future growth will be driven primarily by its data center business, with additional growth coming from internet services, AI and the cloud.

Jensen Huang also announced a new partnership between Nvidia and Jaguar Land Rover. As part of the deal, the two companies will develop cars built on the Nvidia Drive chip platform. JLR vehicles from 2025 will be equipped with Nvidia-developed automated driving systems, safety features, services and experiences using artificial intelligence technology.

“The next generation of vehicles will transform the automotive industry into one of the largest and most advanced technology industries. Fleets of software-defined, programmable vehicles will offer new features and services throughout the lifetime of vehicles. We are thrilled to partner with Jaguar Land Rover to see a new future for transportation and create the most advanced vehicles ever,” Huang commented.

Earnings reports may sometimes not be too huge, but sometimes you can find some interesting indicators.

Juan voiced one comment that is really impressive. The CNBC resource quotes the chapter
Nvidia who said:

“Supply restrictions are easing, and the company’s output will increase significantly in the second half of 2022.”

In its last fiscal year, the company sold $550 million for rally cards, and in the fourth quarter, it only sold $550 million. 24 million dollars. This is perhaps the best indicator that mining demand is falling as the costs of large-scale GPU production become more difficult or more risky for ROI in light of lower cryptocurrency prices.

These statements are getting more optimistic as Q2 2022 approaches. It is hoped that improved supply will lead to lower prices. If you are very lucky, then the demand from the miners will fall more and more before the final transition of Ethereum to the proposed Proof of Stake consensus mechanism.

More supply combined with less demand will spur price declines over time.

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