2 Key Things From Nvidia's Earnings Call That Investors Should Know

Last week, Nvidia (NASDAQ: NVDA) turned in a powerful report for the third quarter of fiscal 2024. The graphics processing unit (GPU) specialist's growth was largely driven by continued robust demand for its chips and products that enable artificial intelligence (AI) capabilities.

For the quarter ended Oct. 29, Nvidia's revenue surged 206% year over year to $18.12 billion, sprinting by Wall Street's expectation of 150% growth. Adjusted earnings per share (EPS) skyrocketed 593% to $4.02, crushing the analyst consensus estimate of 433% growth. Moreover, management guided for fiscal Q4 top- and bottom-line growth of 231% and 407%, respectively. Both outlooks easily exceeded the Street's expectations.

Earnings releases tell only part of the story. Management's comments during earnings calls often contain key information about a company's prospects and strategy. Below are two key things from Nvidia's Q3 earnings call that you should know.

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Source Fool.com