NVIDIA Corporation (NASDAQ: NVDA) reported impressive fourth-quarter financial results, sending its stock soaring in pre-market trading. The company reported revenue of $22.10 billion, surpassing the Street estimate of $20.62 billion. This represents a significant 265% year-over-year increase in revenue. Additionally, NVIDIA reported non-GAAP earnings per share of $5.16, beating the consensus estimate of $4.64.
The strong performance in the fourth quarter has investors excited about the company’s future prospects. As a result, NVIDIA shares surged 14.3% to $771.50 in pre-market trading.
In addition to NVIDIA, several other stocks were also on the move in pre-market trading. Some notable gainers included Agile Therapeutics, Inc. (NASDAQ: AGRX), BuzzFeed, Inc. (NASDAQ: BZFD), and Root, Inc. (NASDAQ: ROOT), among others. These companies saw significant increases in their stock prices following positive news or better-than-expected financial results.
On the other hand, there were also some losers in pre-market trading, such as Draganfly Inc. (NASDAQ: DPRO), Synaptogenix, Inc. (NASDAQ: SNPX), and Etsy, Inc. (NASDAQ: ETSY). These companies experienced declines in their stock prices due to factors like underwhelming financial results or negative news.
Overall, the pre-market trading session was filled with excitement and movement in various stocks. Investors will be keeping a close eye on these companies as they continue to navigate the volatile market environment.
In conclusion, NVIDIA’s strong performance in the fourth quarter has set a positive tone for the company and its stock. With promising financial results and strong revenue guidance for the first quarter, NVIDIA is well-positioned for continued success in the future.
