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Where Will Nvidia Stock Be in 1 Year?

TheMotleyFool

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Where Will Nvidia Stock Be in 1 Year?Photo, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Nvidia's (NASDAQ: NVDA) stock surged 14% on Feb. 23 after its latest earnings report. In the fourth quarter of fiscal 2023, which ended on Jan. 29, the chipmaker's revenue dropped 21% year over year to $6.05 billion but cleared analysts' expectations by $30 million. Its adjusted earnings per share (EPS) fell 33% to $0.88 but also topped the consensus forecast by $0.08.

For the full year, Nvidia's revenue stayed nearly flat at $26.97 billion as its adjusted EPS declined 25%. That represented a significant slowdown from its 61% revenue growth and 78% adjusted EPS growth in fiscal 2022.

Image source: Nvidia.

Source Fool.com

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