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Nvidia Stock Gets Disconnected From Reality
Such was the case with Nvidia (NASDAQ: NVDA); its recent fiscal fourth-quarter results topped expectations on the top and bottom line. Nvidia said revenue hit a record $7.6 billion in the fourth quarter, a 56% jump year over year, generating record earnings of $1.18 per share, double what they were last year. While the gaming segment is still Nvidia’s biggest moneymaker, producing quarterly revenue of $3.42 billion, or 37% more than it did in fiscal 2021, the data center business continues to enjoy explosive growth and now stands at $3.26 billion.
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