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Nvidia Tops Q4 Estimates, Q1 Revenue Outlook of $43B Modestly Ahead of Consensus

Bitcoin remains sharply lower on Wednesday, with AI-Related Tokens Continuing to Outperform

Nvidia CEO Jensen Huang (Nvidia)
Nvidia CEO Jensen Huang (Nvidia)

What to know:

Nvidia (NVDA) surprised few, reporting fourth quarter EPS of $0.89 against estimates of $0.84. Revenue of $39.33 billion topped forecasts for $38B.

The first quarter revenue outlook of $43 billion came against Street consensus for $42.3 billion. The first quarter gross margin outlook of 71% is likely a modest disappointment. It's down from 73% in the just-reported fourth quarter and 76% a year before that.

Shares are bouncing around, but currently little-changed in after hours action. Management's post-earnings conference call begins at 5 pm ET.

A check on crypto finds bitcoin (BTC) still lower by nearly 5% over the past 24 hours at $84,300. AI-related tokens were outperformers today and continue to sport modest gains over the past 24 hours.

Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Stephen Alpher