🤖🔥Nvidia balance sheet exceeded expectations: Artificial intelligence coins are on the rise
Nvidia's 2023 fourth-quarter revenues exceeded expectations with $ 22.18 billion. The impact of the positive report was also felt in the cryptocurrency market.
The #Nvidia balance sheet, which the markets have been waiting for, has been announced. Accordingly, the company generated revenue of $ 22.18 billion in the fourth quarter of 2023. Analysts' expectations were that revenues would come in at $20.41 billion.
data center revenues accounted for $18.4 billion of the revenue of $22.18 billion, gaming industry revenues accounted for $2.9 billion, professional visualization revenues accounted for $463 million and automotive revenues accounted for $281 million.
The revenue figure was $ 6.05 billion in the same period of the previous year. Thus, Nvidia's revenues have experienced an increase of more than 265 percent in the last year.
After the balance sheet exceeded expectations, Nvidia shares rose by more than 7 percent in after-session trading. The impact of the positive report was also felt in the cryptocurrency market. Bitcoin, while trading at $ 50,800 levels, rose above $ 51,300 in minutes. On the other hand, there have also been increases in artificial intelligence-oriented cryptocurrency projects.