Why Is Nvidia Stock Price Falling Despite Posting a Record 114% Revenue Growth in 2024 to £103.3B
Nvidia Corp.’s (NASDAQ:NVDA) full-year 2024 revenue soared by a record 114% year-over-year (YoY) to £103.3 billion despite concerns of waning AI momentum in the US following the £1 trillion market sell-off triggered by China’s DeepSeek AI Model launch in January.
Nvidia’s earnings report and guidance published yesterday hinted that it can sustain its historic AI-driven growth rally for the remainder of 2025. The chipmaker’s full-year revenue was buoyed by meteoric growth in Blackwell AI chip sales as well as data centre and automotive segments.
For the quarter ended 26th January, Nvidia’s revenues jumped 78% YoY to a record £31.1 billion. Around £8.7 billion of Q4 revenues came from Blackwell AI GPU sales.
‘Demand for Blackwell is…
