Nvidia Posts Record $200B Year, Beats Forecasts
Nvidia reported earnings that beat expectations. The company posted its first $200 billion year.
Data center revenue increased 75 percent. Nvidia predicted strong growth ahead.
Nvidia is the world's most valuable company. Nvidia was the last of seven mega-cap tech stocks to report earnings. Nvidia led mega-cap tech stocks this year.
Klear Note — The 'Magnificent Seven' are seven huge tech companies. Investors watch their earnings closely because they drive stock market trends.
Key Terms 3
- Magnificent Seven Seven of the largest tech companies in the world.
- data center Large buildings with computers that store and process information.
- mega-cap Very large companies worth hundreds of billions of dollars.