EU Plans Meta Antitrust Fine
The EU plans to impose an antitrust fine against Meta Platforms for connecting its Marketplace classified advertisements with the social media network Facebook.
Nvidia reported record business results for the final quarter and fiscal year 2024. The company had several records, including quarterly and full-year revenue.
In the fourth quarter, which ended January 28, 2024, revenue was $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago. For fiscal 2024, revenue was up 126% to $60.9 billion. GAAP earnings per diluted share were $11.93, up 586% YoY, and Non-GAAP was $12.96, up 288%.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries, and nations,” said Jensen Huang, founder and CEO of NVIDIA. “Our Data Center platform is powered by increasingly diverse drivers. Vertical industries are now at a multibillion-dollar level. NVIDIA RTX introduced less than six years ago, is now a massive PC platform for generative AI, enjoyed by 100 million gamers and creators. The year ahead will bring major new product cycles with exceptional innovations to help propel our industry forward. Come join us at next month’s GTC, where we and our rich ecosystem will reveal the exciting future ahead,” Huang said.
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