Nvidia Headline Q4 Metrics: Santa Clara, California-based Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro.

The company reported fourth-quarter revenue of $22.10 billion which beat a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 22% from the third quarter and up 265% year-over-year.

Revenue was the following by sector in the fourth quarter with year-over-year increases.

• Data Center: $18.4 billion, +409%
• Gaming: $2.9 billion, +56%
• Professional Visualization: $463 million, +105%
• Automotive: $281 million, -4%

“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Chairman and CEO Jensen Huang, who is dubbed Godfather of AI by Wedbush analyst Daniel Ives.

Huang said the company's Data Center platform is "powered by increasingly diverse drivers," with demand for data processing, training and inference from large cloud-service providers.

Outlook: Nvidia said it expects its first quarter revenue to be $24.0 billion, plus or minus 2%. This total comes in ahead of a Street consensus estimate of $22.16 billion.

The company sees first quarter non-GAAP gross margins coming in at 77.0%.

After reaching an all-time high of $746.11 on Feb. 12 and becoming the fourth-most valued global company, the stock has pulled back due to earnings concerns, slipping to the 6th position in terms of market cap.

Morgan Stanley’s Moore sees additional catalysts beyond earnings, expecting insights into new products at the March graphics technology conference.

Read Next: Trading Strategies For Nvidia Stock Before And After Q4 Earnings

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